A second-division CS team’s books show esports burns cash fast, and even giants bleed.
CYBERSHOKE spending reality
Founded in 2023, operating from Belgrade since 2024.
Total spend reached $942,675 across about two and a half years.
Salaries were $504,411, dwarfing every other line item.
Buyouts $181,700 and housing $126,625 piled on.
Revenue did not catch up
Revenue totaled $620,110 across sponsorships, transfers, prizes, and jerseys.
Annual intake rose yearly from 2023 through 2025.
The gap closed as a $322,565 loss.
Big names are not immune
G2 Esports posted tens of millions in revenue, yet operating losses followed.
Payroll climbed while margins sank.
Fnatic logged a €6.37 million net loss.
Rare cases breaking even
Global...