Bombee. ESE's core asset. Posted CAD $3.745M in a single quarter, 109% sequential growth. First positive EBITDA quarter in company history. The WBC, Call of Duty League, and Miami F1 contracts are not press releases. They are delivered revenue. The event production model is crossing the scale threshold where fixed costs are covered and incremental events become incrementally profitable.
Bombee produces live events. Esports tournaments, boxing broadcasts, the Miami F1 festival, corporate productions. Event production is expensive to run until you hit a volume where the fixed costs are covered, and then each new event is almost all profit. Imagine owning a concert venue; the rent and equipment cost the same whether you book one show or ten shows a month. In one quarter, Bombee ran three major events at the same time and turned profitable for the first time ever. The revenue jumped 109 percent in a single quarter. The pandemic killed many event production companies. Bombee survived. The competitors that went under are not coming back. That means Bombee has fewer companies to compete against for the same pool of event budgets. Small company, but the direction is unmistakable and the competitive dynamics are favorable. All the numbers are in Canadian dollars; multiply by about 0.74 to get US dollars.
Watch Q2 FY2026 (February-April 2026) revenue and EBITDA. If Bombee sustains positive EBITDA in a quarter without the same density of major events as Q3 FY2025, the business model is structurally profitable rather than event-dependent. Also watch contract announcement cadence; new signed contracts in the pipeline provide forward revenue visibility. All figures reported in CAD; multiply by ~0.74 for approximate USD.