• Loading stock data...
Wednesday, May 28, 2025

FaZe Clan Goes Public, Valued at $725M

  • FaZe is the fourth-most valuable esports company at $400 million, per Forbes.
  • The company started trading at $13 per share.
Jasen Vinlove-USA TODAY Sports

Esports collective FaZe Clan went public on Wednesday after completing its merger with blank-check company B. Riley Principal 150 Merger Corp. in a deal valued at $725 million. 

FaZe, which is trading on the Nasdaq, first announced plans to go public in October 2021 and received SEC approval in June. It also required approval by BRPM shareholders. 

  • FaZe is the fourth-most valuable esports company at $400 million, per Forbes.
  • The valuation represents a 31% increase compared to 2020.
  • It generated $52.9 million in revenue in FY2021, but reported a net loss of $36.9 million.
  • The company started trading at $13 per share.

Known for its esports teams, FaZe also allows content creators to build their brands with their combined 500 million followers across social platforms. 

Its creators include NFL quarterback Kyler Murray and LeBron “Bronny” James Jr. 

Perfect Timing 

FaZe has an opportunity to take advantage of a growing esports industry as a public company. 

The global esports audience is projected to reach 532 million in 2022, up 8.7% year-over-year, per data firm Newzoo. The growth in engagement is projected to have the esports market generate $1.38 billion in revenue in 2022 — with China accounting for nearly one-third. 

The highest-grossing revenue stream for the esports market is sponsorships, with revenue estimated to reach $837.3 million by the end of 2022 — roughly 60% of the entire market.

FaZe has deals with brands including McDonald’s, DoorDash, and the NFL.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Esports Winter: NBA 2K League Hits Pause Button Amid Industry Decline

The previously high-profile esports league is now effectively on hiatus amid widespread layoffs.

IOC Proposes Holding Separate Olympics for Esports

The organization’s executive board has proposed a separate Olympics for online gaming.
FaZe Clan went public last year at a $725M valuation.

FaZe Clan Lays Off 40% of Staff Amid Esports’ Economic Woes

FaZe Clan went public last year at a $725M valuation.

Featured Today

How Rolex Paved the Way for Luxury’s Love Affair With Tennis

“It’s almost impossible to think about tennis without thinking about Rolex.”
Mar 23, 2025; Miami, FL, USA; Alexandra Eala (PHI) reacts after winning a point against Madison Keys (USA)(not pictured) on day six of the Miami Open at Hard Rock Stadium.
May 24, 2025

Alex Eala Is Defying Her Country’s Odds to Make French Open History

The Philippines native has overcome a unique set of financial odds.
May 24, 2025

Indiana Is the Center of the Basketball Universe—Thanks to Both Pro Teams

The Fever and Pacers are thriving at the same time.
Around the Horn - October 26, 2020
May 23, 2025

‘Quirky, Nutty, Bombastic’: 10 ‘Around the Horn’ Faces on Their Top Moments

“A quirky, nutty, bombastic, mostly wrong, sometimes right, crazy sports family.”

FanDuel Misses Projections As Betting Favorites Dominate 

FanDuel is hit by customer-friendly betting outcomes during March Madness.
February 20, 2025

Americans Bet $148 Billion on Sports in 2024, Up 23.6%

Both overall handle and revenue rose by more than 20% last year.
March 4, 2025

FanDuel Retains Sports Betting Crown With $14B in 2024 Revenue

The FanDuel parent company posts big increases in revenue and net income.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

In Episode 7 of Portfolio Players, go inside the boardroom with Avenue Capital CEO and former Milwaukee Bucks co-owner Marc Lasry on Giannis’s future, women’s sports, and upstart leagues like TGL and Unrivaled. 
DraftKings app
February 14, 2025

Lawsuit Says DraftKings VIP Program ‘Preyed On’ Gambling Addicts

The company’s being sued for negligence and intentional infliction of emotional distress.
August 20, 2024

Beloved ‘Backyard Sports’ Brand Says It Will Relaunch After Decade Hiatus

“Backyard Baseball” was a turn-of-the-century computer hit. 
DraftKings
August 2, 2024

DraftKings Announces Consumer Tax Starting Next Year

The company’s stock fell 5% Friday morning.
July 24, 2024

The Perfect Storm Propelling ‘EA Sports College Football’ to Early Success

Growing fandom and a long wait have already reaped dividends for EA.