Enthusiast Gaming Unveils $10 Million Cost Reduction Program
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.
- 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 .