Blog October 29, 2021

In 2022 the esports industry will be able to return to the LAN event format completely

Modern Times Group (owner of the  ESL and DreamHack) has announced plans for upcoming tournaments. The holding's analysts believe that in 2022 the esports industry will be able to fully return to the LAN format events.

At the end of November 2021, the tournament operators of the holding are planning to organize DreamHack Winter in Sweden with free admission for spectators. In addition, DreamHack Anaheim will take place in February 2022 in the LAN format, and IEM Katowice will welcome fans later.

The company also reported financial results for the third quarter of 2021. It recorded sales of $168 million (all US data), up 57.7% from $107 million in the same quarter last year. Most of the sales came from the group's gaming vertical, generating $126 million, or 75.2% of total sales. The esports vertical contributed the remaining $42 million.

In Q3 2021, ESL and DreamHack hosted several Masters tournaments, including:

  • IEM Cologne;
  • ESL One Fall;
  • DreamHack Summer.

As a result, the company reported a 55% year-over-year increase in sales and a $3.87 million decrease in losses in MTG's esports segment. Overall, the company reported a total net income of $5.27 million for the third quarter, compared to a net loss of $1.29 million for the same period last year. 

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