Adjusting our LoL Esports Strategy

In aggregate, regional LoL Esports leagues also saw AMA growth in 2023, up 16% year-over-year. LoL Esports was the star of the show at the 19th Asian Games, where Team Korea took home the gold. We’ve seen Progressive, Coinbase, and Honda, among others, sponsor LoL Esports team organizations. In addition to the sponsorship business, we remain focused on building additional, meaningful revenue streams. We still believe that the strongest path forward for the esports business is to monetize it more like games, sharing the upside with our team partners.