SOOP Profit Falls 60% as Esports Traffic Fails to Replace Lost Donations

SOOP Co., Ltd., the South Korean streaming company formerly known as AfreecaTV, reported a 59.9% drop in third-quarter operating profit as viewer donations fell to their lowest level in three years, even as more people visited the platform. According to a preliminary earnings filing with Korea’s DART disclosure system on Oct. 30, SOOP’s operating profit […]