Enthusiast Gaming Holdings Inc ( (EGLXF) ) has released its Q2 earnings. Here is a breakdown of the information Enthusiast Gaming Holdings Inc presented to its investors.
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Enthusiast Gaming Holdings Inc. is a digital publisher that creates tools, platforms, and experiences for gamers, operating in the gaming and esports industry with a portfolio of well-known properties like U.GG and Icy-Veins. In its Q2 2025 financial results, the company reported a revenue of $10 million, a decrease from $14.7 million in the same quarter of the previous year, largely due to a strategic shift away from non-core segments like direct sales and the Omnia video platform. Despite the revenue decline, the company improved its gross margin to 80%, up from 66.2% in Q2 2024, by focusing on its core properties. Key financial metrics included a net loss of $39.8 million, influenced by non-cash impairment charges, and an adjusted EBITDA loss of $1.4 million. Enthusiast Gaming is realigning its operations to focus on its core product portfolio, which includes successful platforms such as U.GG, Icy-Veins, and PocketGamer. The company is also expanding its event series, PocketGamer Connects, with successful events in Barcelona and Shanghai and plans for further expansion in South Korea. Looking ahead, Enthusiast Gaming is committed to its product-first strategy, aiming to enhance its core platforms and improve profitability by divesting non-core business lines.