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Enthusiast Gaming Holdings (EGLXF)
OTHER OTC:EGLXF
RESEARCH TOOLSreports
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0Last Year’s EPS
-0.01Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 31, 2025
|% Change Since: -57.14%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a company in transition, with significant improvements in profitability and cost management despite a notable decline in revenue. Key assets and partnerships show promising performance, but challenges such as revenue decline, program sunsetting, and debt covenant compliance issues remain. Overall, the company's strategic focus on high-margin growth and audience expansion presents a balanced outlook.Company Guidance
During the Enthusiast Gaming Holdings Fourth Quarter 2024 Financial Results Conference Call, the company reported several key metrics. Enthusiast Gaming achieved an adjusted EBITDA of $1.9 million in Q4 2024, marking a $4.9 million improvement from a $3 million loss in Q4 2023. Revenue for Q4 2024 was reported at $17.8 million, down from $47.1 million in the same quarter of 2023, largely due to the strategic deprioritization of low-margin video network segments. However, gross margins significantly increased to 76% from 40% in Q4 2023, indicating a more profitable revenue mix. Operating expenses were sharply reduced, with cash-based quarterly OpEx down by over $10 million year-over-year in Q4. On a full-year basis, revenue for 2024 was $73 million, down from $178 million in 2023, but adjusted EBITDA improved significantly, reducing the loss from $13 million in 2023 to just $153,000 in 2024. Looking forward to 2025, the company expects gross margins to remain strong and is focusing on audience expansion and efficient monetization strategies, leveraging partnerships and increased yields from programmatic revenue streams.Significant Improvement in Adjusted EBITDA
Adjusted EBITDA improved meaningfully in Q4 2024, coming in at $1.9 million compared to a loss of $3 million in Q4 2023, marking a $4.9 million swing toward profitability.
Increase in Gross Margin
Gross margin increased significantly to 76% in Q4 2024, up from 40% in Q4 2023, highlighting the strength of core owned and operated assets and focused monetization strategies.
Cost Structure Improvements
Operating expenses saw a significant reduction with cash-based quarterly OpEx down by over $10 million year-over-year in Q4, reflecting disciplined cost management.
Strong Performance from Key Assets
Assets such as The Sims Resource, Icy Veins, and U.GG showed strong performance, with increased subscribers and expansion into new game titles driving growth.
Expansion of Events and Partnerships
PocketGamer Connects set new records with flagship events and is expanding to new locations in 2025. Partnership with Playwire is delivering higher yields with lower costs.
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EGLXF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EGLXF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 31, 2025 | $0.07 | $0.07 | 0.00% |
| Nov 14, 2024 | $0.10 | $0.11 | +10.00% |
| Aug 14, 2024 | $0.12 | $0.12 | 0.00% |
| May 15, 2024 | $0.10 | $0.11 | +10.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Enthusiast Gaming Holdings (EGLXF) report earnings?
Enthusiast Gaming Holdings (EGLXF) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is Enthusiast Gaming Holdings (EGLXF) earnings time?
Enthusiast Gaming Holdings (EGLXF) earnings time is at May 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EGLXF EPS forecast?
EGLXF EPS forecast for the fiscal quarter 2025 (Q1) is 0.
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