B2Digital Incorporated (OTCMKTS: BTDG) has announced interim results for the quarter ended June 30, 2021, in which the company reported revenues at a rate of $2.1M per year.
B2Digital almost matched 2019 performance
B2Digital CEO & Founder, Greg P. Bell said, “ It’s important to note that this data still does not yet reflect the full reopening dynamic because our live event crowds for Q1 were still being capped well below capacity, though we expect that to end soon. Despite that headwind, we nearly matched our topline performance for the entirety of 2019 just in the past three months. Everything is clicking right now, even though we are really in the very early innings of scaling this model up.”
During the quarter, live events accounted for around 43%, with the Gym segment contributing 57%. The company noted that the per-event Live Event segment sales are high driven mainly by effective marketing system, enhanced B2 Productions PPV distribution visibility via Apple TV and Amazon Fire TV, and B2 Fighting series brand growth.
Also, ONE More Gym unit is growing with the company adding more new locations. Also, the increase in vaccination rates in its local markets, gaining traction of the B2 and OMG brands, is driving growth in the Gym segment. According to the company, OMG revenue growth is around 15-20% for each location quarter over quarter.
B2Digital expecting 400% YoY revenue growth in coming quarter
During the quarter, there was explosive growth due to higher revenues per event, better marketing, more events, and strong brand growth. The company managed to meet its predicted growth curve with considerable revenue growth for Gym segment.
Bell added, “If the next three months was simply a perfect extrapolation of the past three in terms of total per-event sales and monthly gym memberships, we would show nearly 400% year/year topline growth in the September quarter.”
