NIP Group Key Executives
This section highlights NIP Group's key executives, including their titles and compensation details.
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NIP Group Earnings
This section highlights NIP Group's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
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| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|
NIP Group Inc., through its subsidiaries, operates as an esports company primarily in the People's Republic of China, Sweden, and internationally. It operates Ninjas in Pyjamas, a PC/console esports brand; eStar Gaming, a mobile esports brand. The company also operates a portfolio of esports teams competing at various level in video game titles; and engages in talent management, event production, creative studios, and advertising businesses. In addition, it offers esports education related services to educational institutions; and licenses companies to use the image, including AI and virtual image of its athletes for promotion. NIP Group Inc. was incorporated in 2021 and is based in Stockholm, Sweden.
$1.86
Stock Price
$68.92M
Market Cap
-
Employees
Stockholm, None
Location
Financial Statements
Access annual & quarterly financial statements for NIP Group, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|
| Revenue | $83.67M | $65.84M | $31.80M | $5.67M |
| Cost of Revenue | $76.47M | $62.09M | $32.40M | $4.73M |
| Gross Profit | $7.20M | $3.74M | $-593.12K | $942.63K |
| Gross Profit Ratio | 8.60% | 5.68% | -1.90% | 16.61% |
| Research and Development Expenses | $- | $- | $- | $- |
| General and Administrative Expenses | $15.27M | $7.82M | $5.22M | $2.45M |
| Selling and Marketing Expenses | $6.58M | $7.21M | $2.64M | $1.37M |
| Selling General and Administrative Expenses | $21.85M | $11.82M | $7.86M | $3.82M |
| Other Expenses | $- | $1.99M | $897.29K | $-24.18K |
| Operating Expenses | $21.85M | $11.82M | $7.86M | $3.82M |
| Cost and Expenses | $98.32M | $73.92M | $40.25M | $8.55M |
| Interest Income | $- | $- | $- | $- |
| Interest Expense | $523.32K | $460.00K | $519.50K | $178.25K |
| Depreciation and Amortization | $6.53M | $5.49M | $3.48M | $313.12K |
| EBITDA | $-7.40M | $-2.59M | $-4.97M | $-2.57M |
| EBITDA Ratio | -8.85% | -3.93% | -15.64% | -45.23% |
| Operating Income | $-14.65M | $-8.08M | $-8.45M | $-2.88M |
| Operating Income Ratio | -17.51% | -12.27% | -26.57% | -50.75% |
| Total Other Income Expenses Net | $193.24K | $1.13M | $377.79K | $-202.43K |
| Income Before Tax | $-14.46M | $-6.45M | $-8.07M | $-3.08M |
| Income Before Tax Ratio | -17.28% | -9.79% | -25.39% | -54.32% |
| Income Tax Expense | $-1.20M | $-139.45K | $65.89K | $130.21K |
| Net Income | $-13.26M | $-6.22M | $-8.00M | $-3.21M |
| Net Income Ratio | -15.85% | -9.44% | -25.16% | -56.61% |
| EPS | $-1.02 | $-0.11 | $-0.14 | $-0.06 |
| EPS Diluted | $-1.02 | $-0.11 | $-0.14 | $-0.06 |
| Weighted Average Shares Outstanding | 56.06M | 56.06M | 56.06M | 56.06M |
| Weighted Average Shares Outstanding Diluted | 56.06M | 56.06M | 56.06M | 56.06M |
| SEC Filing | Source | Source | Source | Source |
| Breakdown | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 |
|---|---|---|---|---|---|---|
| Revenue | $23.90M | $21.20M | $19.28M | $19.28M | $25.21M | $15.84M |
| Cost of Revenue | $19.93M | $20.27M | $18.13M | $18.13M | $19.81M | $17.15M |
| Gross Profit | $3.97M | $933.85K | $1.15M | $1.15M | $5.40M | $-1.31M |
| Gross Profit Ratio | 16.61% | 4.40% | 5.90% | 5.90% | 21.40% | -8.30% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $2.05M | $2.43M | $5.40M | $5.40M | $3.07M | $1.61M |
| Selling and Marketing Expenses | $1.42M | $1.35M | $1.90M | $1.90M | $3.04M | $1.19M |
| Selling General and Administrative Expenses | $3.47M | $3.78M | $7.30M | $7.30M | $2.91M | $2.80M |
| Other Expenses | $- | $- | $- | $- | $1.14M | $- |
| Operating Expenses | $3.47M | $3.78M | $7.08M | $7.08M | $2.91M | $2.80M |
| Cost and Expenses | $23.40M | $24.05M | $25.22M | $25.22M | $22.72M | $19.95M |
| Interest Income | $- | $- | $109.21K | $109.21K | $- | $- |
| Interest Expense | $199.95K | $104.94K | $- | $- | $137.78K | $120.39K |
| Depreciation and Amortization | $1.89M | $1.32M | $1.45M | $1.45M | $1.08M | $1.43M |
| EBITDA | $2.39M | $-1.52M | $-4.70M | $-4.70M | $3.57M | $-2.68M |
| EBITDA Ratio | 10.02% | -7.18% | -24.40% | -24.40% | 14.16% | -16.92% |
| Operating Income | $500.46K | $-2.84M | $-6.15M | $-6.15M | $2.49M | $-4.11M |
| Operating Income Ratio | 2.09% | -13.42% | -31.92% | -31.92% | 9.89% | -25.95% |
| Total Other Income Expenses Net | $-165.67K | $140.65K | $109.12K | $109.12K | $600.36K | $608.54K |
| Income Before Tax | $334.79K | $-2.70M | $-6.04M | $-6.04M | $3.60M | $-3.50M |
| Income Before Tax Ratio | 1.40% | -12.75% | -31.35% | -31.35% | 14.28% | -22.11% |
| Income Tax Expense | $171.53K | $-554.17K | $409.11K | $409.11K | $584.57K | $-214.23K |
| Net Income | $30.98K | $-2.14M | $-11.99M | $-11.99M | $3.25M | $-3.24M |
| Net Income Ratio | 0.13% | -10.07% | -62.19% | -62.19% | 12.88% | -20.47% |
| EPS | $-1.67 | $-0.04 | $-0.71 | $-0.71 | $0.16 | $-0.06 |
| EPS Diluted | $-1.67 | $-0.04 | $-0.71 | $-0.71 | $0.16 | $-0.06 |
| Weighted Average Shares Outstanding | 18.58M | 56.06M | 16.89M | 16.89M | 56.06M | 56.06M |
| Weighted Average Shares Outstanding Diluted | 18.58M | 56.06M | 16.89M | 16.89M | 56.06M | 56.06M |
| SEC Filing | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|
| Cash and Cash Equivalents | $7.59M | $9.59M | $11.41M | $5.05M |
| Short Term Investments | $- | $406.96K | $813.09K | $12.76K |
| Cash and Short Term Investments | $7.59M | $9.59M | $11.41M | $5.05M |
| Net Receivables | $19.15M | $15.55M | $15.91M | $853.86K |
| Inventory | $165.51K | $480.29K | $670.82K | $22.61K |
| Other Current Assets | $2.44M | $2.03M | $1.63M | $511.92K |
| Total Current Assets | $29.35M | $32.84M | $28.99M | $6.44M |
| Property Plant Equipment Net | $5.04M | $4.70M | $3.56M | $108.77K |
| Goodwill | $141.40M | $29.83M | $32.28M | $- |
| Intangible Assets | $133.97M | $65.38M | $75.42M | $13.37M |
| Goodwill and Intangible Assets | $275.37M | $95.21M | $107.70M | $13.37M |
| Long Term Investments | $- | $3.28K | $593 | $1.56K |
| Tax Assets | $550.79K | $5.00K | $536.86K | $541.49K |
| Other Non-Current Assets | $3.52M | $1.18M | $-1 | $- |
| Total Non-Current Assets | $284.49M | $101.10M | $111.80M | $14.02M |
| Other Assets | $- | $1 | $1 | $- |
| Total Assets | $313.84M | $133.94M | $140.79M | $20.47M |
| Account Payables | $12.73M | $9.53M | $9.14M | $1.98M |
| Short Term Debt | $6.25M | $6.79M | $2.67M | $- |
| Tax Payables | $1.10M | $936.40K | $770.98K | $8.21K |
| Deferred Revenue | $500.79K | $208.69K | $3.42M | $8.21K |
| Other Current Liabilities | $8.20M | $11.05M | $17.36M | $4.57M |
| Total Current Liabilities | $28.78M | $28.52M | $33.36M | $6.56M |
| Long Term Debt | $5.19M | $1.57M | $1.42M | $- |
| Deferred Revenue Non-Current | $- | $1.57M | $- | $- |
| Deferred Tax Liabilities Non-Current | $24.66M | $10.85M | $12.80M | $- |
| Other Non-Current Liabilities | $2.47M | $3.54M | $4.65M | $- |
| Total Non-Current Liabilities | $32.32M | $15.96M | $18.87M | $20.78M |
| Other Liabilities | $- | $1 | $1 | $-20.78M |
| Total Liabilities | $61.10M | $44.48M | $52.23M | $6.56M |
| Preferred Stock | $322.54M | $113.46M | $80.05M | $20.78M |
| Common Stock | $3.72K | $3.28K | $2.75K | $1.56K |
| Retained Earnings | $-80.30M | $-29.25M | $-14.67M | $-6.60M |
| Accumulated Other Comprehensive Income Loss | $5.50M | $244.53K | $66.55K | $-279.30K |
| Other Total Stockholders Equity | $-3.72K | $-3.28K | $-2.16K | $-1.56K |
| Total Stockholders Equity | $247.74M | $84.46M | $82.22M | $13.90M |
| Total Equity | $252.74M | $89.46M | $88.56M | $13.90M |
| Total Liabilities and Stockholders Equity | $313.84M | $133.94M | $140.79M | $20.47M |
| Minority Interest | $5.00M | $5.00M | $6.35M | $- |
| Total Liabilities and Total Equity | $313.84M | $133.94M | $140.79M | $20.47M |
| Total Investments | $3.72K | $3.28K | $593 | $1.56K |
| Total Debt | $11.44M | $14.14M | $15.59M | $491.95K |
| Net Debt | $3.84M | $4.55M | $4.18M | $-4.56M |
Balance Sheet Charts
| Breakdown | June 30, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $6.76M | $7.59M | $9.32M | $12.07M | $12.07M | $9.59M |
| Short Term Investments | $- | $- | $643.59K | $660.58K | $660.58K | $406.96K |
| Cash and Short Term Investments | $6.76M | $7.59M | $9.32M | $12.73M | $12.73M | $9.59M |
| Net Receivables | $20.94M | $19.15M | $12.59M | $11.28M | $11.28M | $15.55M |
| Inventory | $- | $165.51K | $612.74K | $131.32K | $131.32K | $480.29K |
| Other Current Assets | $5.68M | $2.44M | $4.84M | $3.51M | $3.51M | $2.03M |
| Total Current Assets | $33.38M | $29.35M | $24.06M | $27.65M | $27.65M | $32.84M |
| Property Plant Equipment Net | $4.41M | $5.04M | $5.13M | $5.15M | $5.15M | $4.70M |
| Goodwill | $134.91M | $141.40M | $137.59M | $137.77M | $137.77M | $29.83M |
| Intangible Assets | $126.47M | $133.97M | $129.77M | $131.20M | $131.20M | $65.38M |
| Goodwill and Intangible Assets | $261.38M | $275.37M | $267.37M | $268.97M | $268.97M | $95.21M |
| Long Term Investments | $- | $- | $3.72K | $- | $- | $3.28K |
| Tax Assets | $1.07M | $550.79K | $806.54K | $- | $- | $5.00K |
| Other Non-Current Assets | $5.10M | $3.52M | $3.16M | $692.91K | $692.91K | $1.18M |
| Total Non-Current Assets | $271.96M | $284.49M | $276.47M | $274.81M | $274.81M | $101.10M |
| Other Assets | $- | $- | $- | $- | $- | $1 |
| Total Assets | $305.35M | $313.84M | $300.53M | $302.45M | $302.45M | $133.94M |
| Account Payables | $12.63M | $12.73M | $8.28M | $6.56M | $6.56M | $9.53M |
| Short Term Debt | $11.83M | $6.25M | $6.39M | $5.58M | $5.58M | $6.79M |
| Tax Payables | $- | $1.10M | $727.94K | $- | $- | $936.40K |
| Deferred Revenue | $333.97K | $500.79K | $302.75K | $- | $- | $208.69K |
| Other Current Liabilities | $13.00M | $8.20M | $7.48M | $8.80M | $8.80M | $11.05M |
| Total Current Liabilities | $37.80M | $28.78M | $23.19M | $20.93M | $20.93M | $28.52M |
| Long Term Debt | $4.68M | $5.19M | $5.20M | $5.75M | $5.75M | $1.57M |
| Deferred Revenue Non-Current | $- | $- | $1.50M | $- | $- | $1.57M |
| Deferred Tax Liabilities Non-Current | $23.25M | $24.66M | $24.07M | $- | $- | $10.85M |
| Other Non-Current Liabilities | $358.24M | $2.47M | $2.64M | $27.48M | $27.48M | $3.54M |
| Total Non-Current Liabilities | $386.18M | $32.32M | $31.91M | $33.22M | $33.22M | $15.96M |
| Other Liabilities | $- | $- | $- | $- | $- | $1 |
| Total Liabilities | $423.97M | $61.10M | $55.09M | $54.15M | $54.15M | $44.48M |
| Preferred Stock | $- | $322.54M | $288.86M | $288.86M | $288.86M | $113.46M |
| Common Stock | $3.72K | $3.72K | $3.72K | $3.72K | $3.72K | $3.28K |
| Retained Earnings | $-120.88M | $-80.30M | $-49.21M | $-46.91M | $-46.91M | $-29.25M |
| Accumulated Other Comprehensive Income Loss | $-2.73M | $5.50M | $906.43K | $1.46M | $1.46M | $244.53K |
| Other Total Stockholders Equity | $-3.72K | $-3.72K | $-3.72K | $- | $- | $-3.28K |
| Total Stockholders Equity | $-123.61M | $247.74M | $240.56M | $243.41M | $243.41M | $84.46M |
| Total Equity | $-118.63M | $252.74M | $245.43M | $248.30M | $248.30M | $89.46M |
| Total Liabilities and Stockholders Equity | $305.35M | $313.84M | $300.53M | $302.45M | $302.45M | $133.94M |
| Minority Interest | $4.98M | $5.00M | $4.87M | $4.89M | $4.89M | $5.00M |
| Total Liabilities and Total Equity | $305.35M | $313.84M | $300.53M | $302.45M | $302.45M | $133.94M |
| Total Investments | $- | $3.72K | $3.72K | $660.58K | $660.58K | $3.28K |
| Total Debt | $16.52M | $11.44M | $11.68M | $11.32M | $11.32M | $14.14M |
| Net Debt | $9.75M | $3.84M | $2.36M | $-746.64K | $-746.64K | $4.55M |
Annual Cash Flow
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|
| Net Income | $-13.26M | $-6.22M | $-8.00M | $-3.21M |
| Depreciation and Amortization | $6.53M | $5.49M | $3.48M | $313.12K |
| Deferred Income Tax | $-1.38M | $-502.80K | $60.43K | $130.21K |
| Stock Based Compensation | $6.12M | $165.72K | $455.75K | $2.63M |
| Change in Working Capital | $-3.49M | $-8.47M | $4.43M | $668.58K |
| Accounts Receivables | $-3.37M | $-6.46M | $-4.50M | $-158.81K |
| Inventory | $14.60K | $343.79K | $-339.68K | $11.63K |
| Accounts Payables | $2.87M | $4.12M | $2.88M | $811.75K |
| Other Working Capital | $-3.01M | $-6.13M | $6.06M | $15.63K |
| Other Non Cash Items | $325.12K | $13.39M | $8.94M | $2.60M |
| Net Cash Provided by Operating Activities | $-5.15M | $-9.63M | $331.54K | $529.78K |
| Investments in Property Plant and Equipment | $-95.92K | $-6.54M | $-9.65M | $-1.94M |
| Acquisitions Net | $1.71M | $-558.76K | $355.41K | $9.28K |
| Purchases of Investments | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- |
| Other Investing Activities | $559.08K | $4.78M | $16.46M | $21.00K |
| Net Cash Used for Investing Activities | $2.17M | $-2.31M | $7.16M | $-1.91M |
| Debt Repayment | $-218.01K | $-89.17K | $-2.72M | $- |
| Common Stock Issued | $3.00M | $12.01M | $1.56M | $- |
| Common Stock Repurchased | $- | $-1.49M | $- | $- |
| Dividends Paid | $- | $- | $- | $- |
| Other Financing Activities | $-1.42M | $10.47M | $1.56M | $- |
| Net Cash Used Provided by Financing Activities | $1.36M | $10.38M | $-1.16M | $- |
| Effect of Forex Changes on Cash | $-374.03K | $-261.90K | $22.43K | $97.90K |
| Net Change in Cash | $-1.99M | $-1.82M | $6.36M | $-1.29M |
| Cash at End of Period | $7.59M | $9.59M | $11.41M | $5.05M |
| Cash at Beginning of Period | $9.59M | $11.41M | $5.05M | $6.34M |
| Operating Cash Flow | $-5.15M | $-9.63M | $331.54K | $529.78K |
| Capital Expenditure | $-3.59M | $-6.54M | $-9.65M | $-1.94M |
| Free Cash Flow | $-8.75M | $-16.16M | $-9.32M | $-1.41M |
Cash Flow Charts
| Breakdown | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 |
|---|---|---|---|---|---|---|
| Net Income | $30.98K | $-2.14M | $-5.58M | $-5.58M | $2.99M | $-3.24M |
| Depreciation and Amortization | $1.89M | $1.10M | $1.45M | $1.45M | $1.08M | $1.43M |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $-137.09K | $3.15M | $3.15M | $39.10K | $40.56K |
| Change in Working Capital | $- | $5.60M | $-2.80M | $-2.80M | $-9.57M | $- |
| Accounts Receivables | $- | $5.60M | $-2.80M | $-2.80M | $-7.00M | $- |
| Inventory | $- | $- | $- | $- | $343.79K | $- |
| Accounts Payables | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $-2.78M | $- | $- | $- | $-2.91M | $- |
| Other Non Cash Items | $-2.81M | $-5.98M | $2.42M | $2.42M | $-4.21M | $-3.73M |
| Net Cash Provided by Operating Activities | $-883.36K | $-1.55M | $-1.36M | $-1.36M | $-2.30M | $-5.51M |
| Investments in Property Plant and Equipment | $-18.67K | $-36.64K | $-20.31K | $-20.31K | $-1.52M | $-524.50K |
| Acquisitions Net | $- | $- | $853.69K | $853.69K | $31.95K | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-1.01M | $881.22K | $343.85K | $343.85K | $-89.69K | $-1.39M |
| Net Cash Used for Investing Activities | $-1.03M | $844.58K | $1.18M | $1.18M | $-1.58M | $-1.91M |
| Debt Repayment | $-373.40K | $- | $- | $- | $531.54K | $- |
| Common Stock Issued | $- | $- | $- | $- | $2.01M | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $27.81K | $29.51K |
| Dividends Paid | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $616.31K | $-1.86M | $1.49M | $1.49M | $-680.91K | $10.71M |
| Net Cash Used Provided by Financing Activities | $242.91K | $-1.86M | $1.49M | $1.49M | $-160.49K | $10.71M |
| Effect of Forex Changes on Cash | $-54.30K | $-192.11K | $-63.80K | $-63.80K | $518.46K | $-608.55K |
| Net Change in Cash | $-1.72M | $-2.75M | $1.24M | $1.24M | $-3.52M | $2.68M |
| Cash at End of Period | $7.59M | $9.32M | $1.24M | $10.83M | $9.59M | $13.11M |
| Cash at Beginning of Period | $9.32M | $12.07M | $- | $9.59M | $13.11M | $10.42M |
| Operating Cash Flow | $-883.36K | $-1.55M | $-1.36M | $-1.36M | $-2.30M | $-5.51M |
| Capital Expenditure | $-1.22M | $-36.64K | $-20.31K | $-20.31K | $-1.52M | $-524.50K |
| Free Cash Flow | $-2.11M | $-1.59M | $-1.38M | $-1.38M | $-3.82M | $-6.03M |
NIP Group Dividends
Explore NIP Group's dividend history, including dividend yield, payout ratio, and historical payments.
NIP Group News
Read the latest news about NIP Group, including recent articles, headlines, and updates.
NIP Group Joins the Esports World Cup Foundation Club Partner Program Ahead of the 2025 Esports World Cup
STOCKHOLM , March 17, 2025 /PRNewswire/ -- NIP Group (NASDAQ: NIPG) has officially been included in the Esports World Cup Foundation (EWCF) Club Partner Program ahead of the tournament opening ceremony in July. As a returning member, this renewed partnership with the EWCF will provide substantial funding to NIP Group that will bolster its existing efforts in key growth areas.
Ninjas in Pyjamas Take Flight with Renewed Red Bull Partnership
STOCKHOLM , March 12, 2025 /PRNewswire/ -- NIP Group (Nasdaq: NIPG) subsidiary Ninjas in Pyjamas (NIP), a legendary esports organization founded in Sweden in 2000, has officially renewed their partnership with iconic energy drink brand Red Bull. Originally teaming up in November 2022, NIP and Red Bull will strengthen operations, drive growth, and expand their reach in esports.
NIP Group Forms Strategic Partnership with Optics Valley Traffic Company to Launch Digital Entertainment Hub in Wuhan
New High-tech Esports Center to Include Comprehensive Live Streaming Facilities, Diverse Influencer-themed Districts, Esports Training Centers, IP-based Tournaments and More New High-tech Esports Center to Include Comprehensive Live Streaming Facilities, Diverse Influencer-themed Districts, Esports Training Centers, IP-based Tournaments and More
NIP Group Champions Disability Inclusion by Joining the "Moss Flower Convention"
WUHAN, China , Jan. 22, 2025 /PRNewswire/ -- NIP Group (NASDAQ: NIPG) ("NIP Group" or the "company"), a leading digital entertainment group, has officially joined the "Moss Flower Convention", further strengthening its commitment to inclusivity. The "Moss Flower Convention" is a public welfare initiative launched by Xinhua News Agency alongside other global initiatives to champion equal participation and social integration for people with disabilities.
NIP Group partners with Abu Dhabi Investment Office to accelerate Abu Dhabi's esports industry
Agreement to spearhead NIP Group's establishment of global headquarters in Abu Dhabi with additional resources to further expand global presence Agreement to spearhead NIP Group's establishment of global headquarters in Abu Dhabi with additional resources to further expand global presence
Stock Picks From Seeking Alpha's December 2024 New Analysts
In December, we welcomed 29 new analysts to Seeking Alpha and in this article we are showcasing their stock picks and investment strategies. Five buy picks are highlighted on Viasat, Newmont, NeuroOne Medical, X-Fab Silicon Foundries, and ArcerlorMittal. Analysts' recommendations range from Strong Buy to Strong Sell, covering diverse sectors such as healthcare, technology, energy, and consumer goods.
NIP Group Enters the MOBA Game Arena with Re: Aetatis, Accelerating Growth in Digital Entertainment
SHENZHEN, China, Dec. 20, 2024 (GLOBE NEWSWIRE) -- NIP Group Inc. (NASDAQ: NIPG) (“NIP Group” or the “Company”), a leading digital entertainment company, is breaking new ground with the introduction of its first MOBA game: Re: Aetatis. This highly anticipated cutting-edge sci-fi MOBA mobile game begins open beta testing on December 24, 2024, inviting players to experience the next evolution in competitive gaming.
NIP Group Expands Esports Portfolio Through Strategic Partnership with The9 Limited
Partnership to Transform MIR M into Global Esports Title WUHAN, China , Nov. 26, 2024 /PRNewswire/ -- NIP Group Inc. (NASDAQ: NIPG) ("NIP Group" or the "Company"), a leading digital entertainment company, and The9 Limited ("The9") today announced that NIP Group has entered into a strategic partnership with China Crown Technology Limited ("China Crown"), a wholly owned subsidiary of The9, to develop "MIR M" into a competitive esports title. Together, both parties aim to create a game that embodies the characteristics of MIR M and is suitable for esports adoption.
NIP Group Inc. Reports First Half 2024 Unaudited Financial Results
Net revenues from Events Production Increased by 376.5% YoY Total operating expenses reduced by 49% YoY, narrowing net loss by 59% Leveraging core competencies to create an expansive digital entertainment ecosystem with diverse revenue streams.
NIP Group to Report Financial Results for the First Half of 2024 on November 25, 2024
WUHAN, China, Nov. 20, 2024 (GLOBE NEWSWIRE) -- NIP Group Inc. (NASDAQ: NIPG) (“NIP Group” or the “Company”), a leading digital entertainment company, today announced that it plans to report its financial results for the six months ended June 30, 2024, before the U.S. market opens on November 25, 2024.
NIP Group Signs Definitive Agreement to Acquire Young Will
Strategic acquisition strengthens NIP Group's position in talent management and expands its digital entertainment ecosystem Strategic acquisition strengthens NIP Group's position in talent management and expands its digital entertainment ecosystem
NIP Group Announces Appointment of New Independent Director
SHENZHEN, China, Oct. 07, 2024 (GLOBE NEWSWIRE) -- NIP Group Inc. (NASDAQ: NIPG) (“NIP Group” or the “Company”), a leading digital entertainment company, today announced the appointment of Randy Hearst Harris as an independent director to its Board of Directors (the “Board”), effective September 24, 2024.
eStar Gaming and Dalian Young Boy Football Club Announce Intention of Collaboration to Pioneer "The Integration of Esports and Traditional Sports"
DALIAN, China , Sept. 11, 2024 /PRNewswire/ -- China's leading esports brand, eStar Gaming, a subsidiary of NIP Group (NASDAQ: NIPG), today announced its intention to collaborate with Dalian Young Boy Football Club.
NIP Group's eStar FPS Division Claims 2024 WCG CrossFire Championship
JAKARTA, Indonesia , Sept. 10, 2024 /PRNewswire/ -- In a thrilling display of skill and teamwork, eStar Gaming (eStar) 's FPS division, representing the NIP Group, stormed to victory at the 2024 World Cyber Games (WCG) CrossFire tournament.
NIP Group Inc. Enters Game Publishing Market, Expanding Digital Entertainment Ecosystem
Esports Powerhouse Diversifies into Game Development Industry Veteran Allen Sui to Lead New Venture SHENZHEN, China, Sept. 09, 2024 (GLOBE NEWSWIRE) -- NIP Group Inc. (NASDAQ: NIPG) (the “Company” or “NIP Group”), a leading digital entertainment company, today announced that it has established a dedicated game publishing division.
NIP Group Promotes Inclusivity in Esports for Disabled Individuals
WUHAN, China , Aug. 22, 2024 /PRNewswire/ -- NIP Group, a leading digital entertainment company with an expansive global audience, remains committed to serving its community, and society more broadly, in its engagement with socially responsible initiatives. On July 12-13, the "2024 Wuhan Disabled Esports Promotion Event" was held at the NIP Group headquarters in Wuhan, focusing on empowering disabled individuals through esports.
NIP Group Enters Esports Hotel Sector with Strategic Partnership with Homeinns
SHANGHAI, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Digital entertainment company, NIP Group Inc. (NASDAQ: NIPG) (the “Company” or “NIP Group”), today announced a strategic partnership with Homeinns Hotels Group (“Homeinns”, affliated with the BTG Homeinns Hotels Group), a leading hospitality company in China. This collaboration will establish a joint venture focused on the development and operation of esports-themed hotels, with NIP Group taking the controlling stake to oversee investment, operations, and management.
NIP Group Inc. Announces Closing of its Initial Public Offering and Partial Exercise of Underwriters' Option to Purchase Additional ADSs
STOCKHOLM, July 29, 2024 (GLOBE NEWSWIRE) -- NIP Group Inc. (NASDAQ: NIPG) ("NIP" or the "Company"), a leading esports organization with expansive global footprint by virtue of its operations across Asia, Europe, and South America, today announced the closing of its initial public offering of 2,250,000 American depositary shares ("ADSs") at a price of US$9.00 per ADS. In addition, the underwriters partially exercised their option to purchase an additional 182,526 ADSs at the initial public offering price on July 26, 2024. Each ADS represents two Class A ordinary shares of the Company. The exercise of the underwriters' option closed concurrently today. NIP's ADSs began trading on the Nasdaq Global Market on Friday, July 26, 2024, under the ticker symbol "NIPG."
NIP Group Inc. Announces Pricing of $20.25 Million Initial Public Offering
STOCKHOLM, July 26, 2024 (GLOBE NEWSWIRE) -- NIP Group Inc. (the “Company” or “NIP”), a leading esports organization with the most expansive global footprint by virtue of its operations across Asia, Europe and South America, today announced the pricing of its initial public offering of 2,250,000 American depositary shares (“ADSs”), at US$9.00 per ADS, for a total offering size of US$20.25 million, assuming the underwriters do not exercise their option to purchase additional ADSs. Each ADS represents two Class A ordinary shares of the Company. The ADSs have been approved for listing and are expected to begin trading on the Nasdaq Global Market on July 26, 2024, under the ticker symbol “NIPG.” The offering is expected to close on July 29, 2024, subject to customary closing conditions.
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