NIP Group Inc.
nipg.comWhat Do They Do?
Provides talent-management and event-production services to online platforms, game publishers and brands, runs esports teams, and mines Bitcoin.
20-F for FY2025, filed Apr 30, 2026We launched our talent management business in 2021 under the eStar Entertainment brand. We incubate and represent online entertainers and…View ↗
Our eStar Event business is our event production arm based in Wuhan, China, offering industry-leading event production services to game…View ↗
In the second half of 2025, we established our Mining and Digital Assets Division, marking our expansion into digital infrastructure and…View ↗
How Do They Make Money?
Online platforms pay for managing third-party entertainers’ live streams, with service fees settled monthly; event customers pay fixed fees against milestones confirmed during production. Tournament organizers pay for team participation over tournament periods, while sponsors pay over contract terms.
20-F for FY2025, filed Apr 30, 2026The Group establishes a live streaming talent agency, seeks and engages third party online entertainers to register as members of the…View ↗
The Group provides live stream services to online platform operators, the service including a) recommending its live streaming talent…View ↗
The Group satisfies the performance obligation to customers over the contract period as the service rendered and recognizes the revenue…View ↗
Esports event organizer could simultaneously receive and consume the benefits provided by the Group in the contract period, thus, the Group…View ↗
The Group offers advertisers or companies which like to be promoted a full range of promotional services, including but not limited to…View ↗
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20-F for FY2025, filed Apr 30, 2026
FY2025 revenue by reportable segment ↗
$126.5M
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20-F for FY2025, filed Apr 30, 2026
$126.5M ↗
| Segment | Share | Revenue |
|---|---|---|
|
PRC And Other Subsidiaries
|
82%
FY2022: 100%
|
PRC And Other Subsidiaries, FY2025
$103.6M Sources
|
|
Ninjas in Pyjamas
|
2.2% |
Ninjas in Pyjamas, FY2025
$2.8M Sources
|
|
Mining Business
|
16% |
Mining Business, FY2025
$20.1M Sources
|
Who Are Their Customers?
Online platforms contract with the group and entertainers for talent-management and live-streaming services; game developers, publishers and other institutions hire it for event production. Brands and advertisers engage esports teams for sponsorship and promotional services.
20-F for FY2025, filed Apr 30, 2026The Group establishes a live streaming talent agency, seeks and engages third party online entertainers to register as members of the…View ↗
Our eStar Event business is our event production arm based in Wuhan, China, offering industry-leading event production services to game…View ↗
Sponsorship and advertising fees. Our esports teams partner with brands and advertisers to promote their products and services to our…View ↗
Do Revenues Turn Into Profits?
No. It lost $237.5M in FY2025.
20-F for FY2025, filed Apr 30, 2026
−$248.7MView ↗
20-F for FY2025, filed Apr 30, 2026
−$237.5MView ↗
20-F for FY2025, filed Apr 30, 2026
−$15.9MView ↗
How Are They Changing?
Growing. Revenue grew 92% in 3 years, from $65.8M in FY2022 to $126.5M in FY2025, about 24% a year.
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