• Loading stock data...
Thursday, July 31, 2025
Tuned In returns to NYC on September 16. Hear from the biggest names in sports media. Click here to get your spot

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

Las Vegas sign

College Sports Embracing Vegas After Years of Cold Shoulder

The Big Ten became the latest newcomer to Sin City.
2000, Jupiter, FL, USA; FILE PHOTO; Montreal Expos pitcher Hideki Irabu in action on the mound against the New York Mets at Roger Dean Stadium during Spring Training
July 28, 2025

Dead Sports Franchises Are Alive and Well on Twitter

The Expos, Sonics, and Whalers have active social media accounts.
Limited Hype
July 27, 2025

Sneaker Reselling Was Once Easy Money. Success Is Now Complicated

Vendors need to evolve what they’re selling and how they do it.
HAPPY GILMORE 2. BTS - (L to R) Adam Sandler as Happy Gilmore and Rory McIlroy as himself on the set of Happy Gilmore2.
July 26, 2025

‘Cool As Hell’: How ‘Happy Gilmore 2’ Hooked Golf’s Top Stars

The process was “cool as hell,” Adam Sandler tells FOS.

Thunder Favored, but Bettors Backing Pacers Big in NBA Finals

The most bet-on exact series outcome is the Thunder winning in five.
Fanduel
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.
May 8, 2025

FanDuel Misses Projections As Betting Favorites Dominate 

FanDuel is hit by customer-friendly betting outcomes during March Madness.
Sponsored

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

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
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.
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.