NAVI's owner claims owning an esports team is actually a "very profitable business"

NAVI owner Malsym Krippa says the Counter-Strike 2 team was losing money when he bought it in 2018 but became profitable within a year.

He says NAVI now earns millions annually from sponsorships, viewership, and tournament winnings.

Krippa’s comments push back on the idea that esports teams are inherently unprofitable.

The claim comes as many other organizations face cost-cutting and layoffs, underscoring how top-tier reach can shape financial success.