Enthusiast Gaming

Enthusiast Gaming Reports Fourth Quarter and Full-Year 2023 Results

Retrieved on: 
Monday, April 1, 2024
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LOS ANGELES, April 01, 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 (“Q4 2023”) and 12 months ended December 31, 2023 (“FY 2023”).

Key Points: 
  • LOS ANGELES, April 01, 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 (“Q4 2023”) and 12 months ended December 31, 2023 (“FY 2023”).
  • “We are moving swiftly to simplify and streamline our business in order to improve financial performance,” commented Adrian Montgomery, Board Chair and interim CEO of Enthusiast Gaming.
  • Direct Sales (included in revenue) increased by 3% to $13.2 million in Q4 2023 compared to $12.8 million in Q4 2022.
  • Adjusted EBITDA loss was $3.0 million in Q4 2023 compared to an Adjusted EBITDA loss of $5.2 million in Q4 2022.

Enthusiast Gaming Advances Strategic Objectives with C$4.1 Million Sale of Select Non-Core Assets

Retrieved on: 
Monday, April 1, 2024
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LOS ANGELES, April 01, 2024 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX), a leading gaming and media company, today announced it has entered into a definitive agreement (the “Asset Sale Agreement”) for the divestment of certain non-core and non-profitable casual gaming assets (the “Assets”) for a purchase price of approximately C$4.1 million.

Key Points: 
  • LOS ANGELES, April 01, 2024 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX), a leading gaming and media company, today announced it has entered into a definitive agreement (the “Asset Sale Agreement”) for the divestment of certain non-core and non-profitable casual gaming assets (the “Assets”) for a purchase price of approximately C$4.1 million.
  • The Assets comprise a subset of Enthusiast Gaming’s casual gaming business, and the divestment is a continuation of a number of recent strategic actions designed to enhance the Company’s operational efficiency while emphasizing high-margin revenue growth and sustainable profitability.
  • “We are swiftly executing on our strategic objectives including operational efficiency, enhancing liquidity, and building a platform of sustainable profitability,” said Adrian Montgomery, Board Chair and Interim CEO of Enthusiast Gaming.
  • “This sale of a subset of non-core and non-profitable assets for C$4.1 million underscores our dedication to strengthening our balance sheet while simultaneously reducing operating costs.

Enthusiast Gaming Partners with Playwire to Amplify Monetization Opportunities Across its Communities

Retrieved on: 
Thursday, March 28, 2024
Organization, Partnership, Chairperson, EGLX, Make, Gaming, TSX, Interim, Trailblazer, NFL, Enthusiast Gaming, Video game

“Forging this partnership with Playwire provides Enthusiast Gaming with a world class adtech platform so that we can focus on our core -- building communities, and creating and curating content and experiences that engage gamers and esports fans,” said Board Chair and Interim CEO Adrian Montgomery. “The strategic initiative to outsource our adtech is a key element of our simplified and streamlined strategy. As a result of this partnership, along with other efficiency initiatives, we are well-positioned to deliver meaningful improvement in financial performance while continuing to serve our audience and brands.”

Key Points: 
  • LOS ANGELES, March 28, 2024 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming'' or the “Company”) (TSX: EGLX), the leading gaming and media company in North America, today announced a multi-year partnership with leading advertising technology provider Playwire.
  • Enthusiast Gaming will leverage RAMP®, Playwire’s complete Revenue Amplification Management Platform, to power Enthusiast Gaming’s network of gaming websites, channels and apps.
  • Playwire brings nearly two decades of experience helping enterprise organizations manage multiple sites and a strong legacy in gaming.
  • This will allow Enthusiast Gaming to optimize its programmatic performance and drive incremental revenue opportunities.

Enthusiast Gaming Announces Appointment of Thomas Hearne to its Board of Directors

Retrieved on: 
Friday, March 22, 2024
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LOS ANGELES, March 22, 2024 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming'' or the “Company”) (TSX: EGLX), a leading gaming and media company in North America, is pleased to announce that Mr. Thomas Hearne has been appointed to the board of directors of the Company, effective as of March 20, 2024.

Key Points: 
  • LOS ANGELES, March 22, 2024 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming'' or the “Company”) (TSX: EGLX), a leading gaming and media company in North America, is pleased to announce that Mr. Thomas Hearne has been appointed to the board of directors of the Company, effective as of March 20, 2024.
  • "We are very excited to welcome Tom to our Board," commented Adrian Montgomery, Board Chair and Interim CEO of Enthusiast Gaming.
  • "His extensive expertise in gaming, esports and media, coupled with his strong financial acumen, will make him a valuable addition to our team."
  • “I am honored to be joining the Board of Directors of Enthusiast Gaming,” said Mr. Hearne.

Enthusiast Gaming’s Pocket Gamer Connects to Host PGC San Francisco on March 18-19

Retrieved on: 
Thursday, March 14, 2024
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LOS ANGELES, March 14, 2024 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX), a leading gaming and media company in North America, today announced that its next live event Pocket Gamer Connects (PGC) will take place in San Francisco on March 18-19.

Key Points: 
  • LOS ANGELES, March 14, 2024 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX), a leading gaming and media company in North America, today announced that its next live event Pocket Gamer Connects (PGC) will take place in San Francisco on March 18-19.
  • Being held immediately prior to the Game Developers Conference (GDC 2024), PGC San Francisco is expected to draw a large crowd of video game developers, publishers and other industry professionals to connect, do business and learn from industry leaders.
  • “Pocket Gamer Connects has produced must attend events around the world for over a decade to advance this industry and serve the ever-growing ecosystem.
  • Other PGC events to come this year include the GameExpo Summit in Dubai May 1-2; PGC Helsinki October 1-2, and PGC Jordan November 9-10 plus the Mobile Games Awards on August 20 in Cologne and more to come.

Enthusiast Gaming Unveils $10 Million Cost Reduction Program

Retrieved on: 
Thursday, March 7, 2024
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LOS ANGELES, March 07, 2024 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX), a leading gaming and media company, today announced that it has undertaken a series of strategic and operational actions designed to enhance the Company’s business model in the areas most critical to its future success, renewing its commitment to the growth and development of its highly engaged gaming communities and focusing the business on drivers of high-margin revenue growth and sustainable profitability.

Key Points: 
  • Cost savings initiatives and operational efficiencies include efficiencies in ad tech, the consolidation of offices, the insourcing of production and content resources, headcount reductions and other areas.
  • Enthusiast Gaming's immediate priority is to enhance organizational effectiveness and community engagement.
  • Enthusiast Gaming will report financial and operating results for its fourth quarter ending December 31, 2023, after the market closes on Monday, April 1, 2024.
  • Live conference call: 1-855-239-1101 (Toll Free) or 1-412-317-5231 (Conference ID: 10187154)
    An archived recording of the webcast will be available on the Investor Relations page of the Enthusiast Gaming website, enthusiastgaming.com/investors .

Enthusiast Gaming Celebrates 10th Anniversary of Pocket Gamer Connects London with Largest Event Ever

Retrieved on: 
Tuesday, February 20, 2024
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LOS ANGELES, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX), the leading gaming and media company in North America, is pleased to announce that its flagship event, Pocket Gamer Connects (“PGC”) London 2024, set records as its largest event to date.

Key Points: 
  • LOS ANGELES, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX), the leading gaming and media company in North America, is pleased to announce that its flagship event, Pocket Gamer Connects (“PGC”) London 2024, set records as its largest event to date.
  • The show marked the start of the 10th anniversary of PGC events and surpassed all previous shows on a number of key metrics, with over 2,600 attendees representing more than 1,300 companies from 65 countries.
  • Key sponsors of the event included TikTok, Digital Turbine, Xsolla, Data.Ai, Meta, and Unity.
  • "The PG Connects London conference was our 10th anniversary show and the biggest to date on just about every metric," commented Chris James, CEO of Steel Media, a subsidiary of Enthusiast Gaming.

Qortex Announces Key Leadership Appointments amid Dramatic Growth Signaling Increased Demand for Pioneering AI Solutions

Retrieved on: 
Thursday, January 25, 2024
Entrepreneurship, IVA, Head, SSPS, Sal Abbatiello, Advertising, AI, Language, ENG, Veteran, CTV, DOOH, DSPS, SpotX, Marketing, Enthusiast Gaming, Management

NEW YORK, Jan. 25, 2024 /PRNewswire-PRWeb/ -- Qortex, the go-to intelligent video analytics (IVA) company for the media and advertising industry, today announced executive appointments to its leadership team as the company is poised for exponential expansion in 2024. Powered by AI, Qortex is the IVA company the world's top brands and enterprises partner with to analyze and turn the most meaningful video insights into enriching experiences, actions and business outcomes.

Key Points: 
  • "We are thrilled to add these world-class leaders to help us level up as an organization," said Zack Rosenberg, Co-Founder and CEO of Qortex.
  • "Each brings something unique to Qortex that will help us create more opportunities for our partners to win the moment™."
  • Ton will lead marketing initiatives at Qortex as the company continues to pursue aggressive expansion in 2024 and meet increased industry demand for IVA solutions.
  • Qortex is currently hiring across several strategic leadership positions, and more information about these openings can be found at www.linkedin.com/company/qortexai/jobs .

‘NFL Tuesday Night Gaming’ Season Two Wraps with Special Episodes

Retrieved on: 
Wednesday, January 10, 2024
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NEW YORK and LOS ANGELES, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX), and the National Football League will wrap the second season of the popular video gaming series “NFL Tuesday Night Gaming” (NFL TNG) with a collection of special episodes that highlight the moments fans crave the most. For those who missed all the action during the regular season, for the first time “NFL TNG” will air on FOX for a one-hour broadcast on Jan. 13 at noon ET, featuring some of the top moments and hottest player rivalries from season two in a special episode hosted by popular Madden NFL content creator Matthew “MMG” Meagher.

Key Points: 
  • (“Enthusiast Gaming” or the “Company”) (TSX: EGLX), and the National Football League will wrap the second season of the popular video gaming series “NFL Tuesday Night Gaming” (NFL TNG) with a collection of special episodes that highlight the moments fans crave the most.
  • The program saw major growth in its second season with an overall +40% increase in total impressions in comparison to its inaugural season in 2022.
  • In addition to the hour-long regular season recap hosted by Matthew “MMG” Meagher on FOX, there will be four other special episodes with new content in celebration of major NFL beats.
  • “NFL Tuesday Night Gaming” one-hour broadcast on FOX (Jan. 13 at noon ET )
    “NFL Tuesday Night Gaming Chunky® Spicy Showdown” (Jan. 16 at 6 p.m.

Enthusiast Gaming Announces Appointment of Interim Chief Executive Officer

Retrieved on: 
Monday, January 8, 2024
Enthusiast Gaming, Growth, Enthusiasm, TSX, Ecosystem, EGLX

LOS ANGELES, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX), the leading gaming and media company in North America, today announced that Nick Brien has provided notice of his resignation as Chief Executive Officer and director of the Company, which resignation became effective upon acceptance of the Board of Directors on January 8, 2024.

Key Points: 
  • LOS ANGELES, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX), the leading gaming and media company in North America, today announced that Nick Brien has provided notice of his resignation as Chief Executive Officer and director of the Company, which resignation became effective upon acceptance of the Board of Directors on January 8, 2024.
  • Mr. Montgomery previously served as CEO of Enthusiast Gaming from its inception until March of 2023, when he had led the Company through periods of consistent and significant growth.
  • Michael Beckerman, Lead Director of Enthusiast Gaming, said, “The Company is undergoing a critical transformation, so finding the right leader to drive our organization forward is imperative.
  • The team is committed to Enthusiast Gaming and we are confident that we are on the path to drive sustainable, profitable growth moving forward.”