Enthusiast Gaming reports lower revenue and net loss for Q1 2025.

From GlobeNewswire: 2025-05-15 16:30:00

Enthusiast Gaming Holdings Inc. expands its reach through strategic title expansions and product innovation. Pocket Gamer Connects plans to add three new international events in 2025. Luminosity Gaming’s 2025 Rising Stars campaign exceeds 500 million impressions and secures eleven third-party sponsors, showcasing deep community engagement.

In Q1 2025, Enthusiast Gaming reported revenue of $12.2 million, a decrease from $23.3 million in Q1 2024. Gross profit was $9.0 million, with a gross margin of 74.3%. Adjusted EBITDA loss was $2.6 million, and net loss was $6.1 million in Q1 2025.

Key highlights for Q1 2025 include strong performance from Icy Veins and The Sims Resource, as well as growth in engagement for U.GG and PocketGamer.com. The company’s direct sales team showed growth in closed dollars. PocketGamer Connects hosted successful events in London and San Francisco, with plans for new events in Barcelona, Shanghai, and Bangkok.

Enthusiast Gaming’s financial statements for Q1 2025 are available on their website and at sedarplus.ca. The company’s non-GAAP measures include EBITDA and Adjusted EBITDA, which provide additional insights into its financial performance. The company’s net loss per share was $(0.04) in Q1 2025, compared to $(0.01) in Q1 2024.



Read more at GlobeNewswire:: Enthusiast Gaming Reports Q1 2025 Financial Results