NIP Group releases 2024 financial report with $12.7 million net loss despite growth in revenue

Ninjas In Pyjamas' parent company, NIP Group or NIPG, released their financial report for 2025. In the report, NIP Group notes a significant net loss of $12.7 million, however revenue did also see a minor bump to $85.7 million.

NIP Group's net loss decreased from $13.3 million in 2023 to $12.7 million in 2024. Net revenue increased by $1.6 million, up to $85.7 million, but the company's cost of revenue (expenses a company incurs to produce and deliver a product or service) also jumped up from $76.5 million to $82.3 million, which contributed to its large loss.

One bright spot for the NIP Group was its increased focus on event production. Revenue in that facet increased 147.5% to $23.3 million. This went hand in hand with an increased cost of event production, which went up from $8 million to $20.9 million.

In recent months, NIP Group has announced partnerships with EWC and a renewed contract with Red Bull to increase profitability. Overall, while NIP Group achieved significant growth in 2024, the report highlights the difficult path to probability many organizations face even as they attempt to diversify their operations and expand to new markets.