Enthusiast Gaming Reports Q1 2024 Results
TORONTO, May 15, 2024 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX), a leading gaming media and entertainment company, today announced financial results for the three months ended March 31, 2024 (“Q1 2024”).
- TORONTO, May 15, 2024 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX), a leading gaming media and entertainment company, today announced financial results for the three months ended March 31, 2024 (“Q1 2024”).
- Assets like TheSimsResource, U.GG, Icy-Veins, PocketGamer, Luminosity Gaming, NFL Tuesday Night Gaming, and our many other assets and properties that boast large, coveted, and highly engaged gaming audiences,” commented Adrian Montgomery, Board Chair and interim CEO of Enthusiast Gaming.
- Gross profit was $14.1 million in Q1 2024, a 16% decrease compared to the $16.8 million in Q1 2023.
- Adjusted EBITDA loss was $1.8 million in Q1 2024 compared to an Adjusted EBITDA loss of $3.1 million in Q1 2023.