Team Liquid tops $60M revenue, profitable three years

Co-CEO Steve Arhancet revealed the revenue figure on a panel about esports economics and sustainability. Team Liquid reported more than $60 million in revenue for the last fiscal year and stated it has been profitable in each of the past three years.

The organisation employs about 300 people, many working in commercial units outside its competitive rosters. Those units include Liquid Media, a white-label agency, and Liquipedia, the esports wiki. Arhancet said those operations contribute to the company’s overall revenue and allow it to spend on player contracts and team operations.

“Many esports organisations failed during the industry downturn because they depended too heavily on venture capital funding, publisher revenue, merchandise sales, or sponsorship money without building stable businesses around them,” Arhancet said during the discussion.

He described Team Liquid’s approach as building services that deliver measurable marketing performance and return on investment for sponsors. Arhancet said measurable sponsor metrics help maintain and grow commercial agreements.

The organisation faced setbacks last year. In May 2025 Team Liquid ended a long-running sponsorship with Honda after a player-related controversy. In September 2025 the company reduced staff by about 6 percent, cutting roughly 18 to 20 roles, mainly in Brand, Marketing and Content.

Following those changes, Team Liquid added and expanded partnerships with Alienware, Blacklyte, Duelbits and Zenni Optical. In February 2026 it partnered with LTU Esports to support collegiate programs, and in March it launched apparel collaborations tied to Demon Slayer and Marvel Rivals.

Arhancet said the diversified mix of business units and partnerships provides the organisation with more financial flexibility to support esports operations and pursue commercial projects.