Enthusiasm

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 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’s U.GG Achieves Over 2 Million Downloads of its League of Legends Desktop Apps

Retrieved on: 
Wednesday, February 28, 2024
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LOS ANGELES, Feb. 28, 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 data-driven and insights platform, U.GG, has achieved over 2.1 million downloads of its League of Legends desktop applications, including over 575,000 downloads of its proprietary application since June 2023.

Key Points: 
  • LOS ANGELES, Feb. 28, 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 data-driven and insights platform, U.GG, has achieved over 2.1 million downloads of its League of Legends desktop applications, including over 575,000 downloads of its proprietary application since June 2023.
  • This milestone highlights the continued progress of the Company’s strategic goal to convert the 10 million monthly average users of U.GG’s website into users of its proprietary desktop application where it benefits from significantly improved monetization, with Q4 2023 monetization per user showing an 8x improvement on the desktop application versus the U.GG website.
  • In addition, U.GG’s League of Legends desktop application has shown significant improvements in key engagement metrics, including active users, which increased 43.3% from December 2023 to January 2024, and average pageviews per session, which saw an 18% improvement between Q4 2023 and Q1 2024.
  • “Our League of Legends desktop application offers players assistive data and insights at every stage of the game and is purpose-built to allow players of every level to optimize their gameplay,” commented J.B. Elliott, EVP Strategy of Enthusiast Gaming.

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.

Luminosity Hosts Luminosity Makes Big Moves New York to Over 50,000 Concurrent Viewers, Expands Footprint in Highly Engaged Communities

Retrieved on: 
Thursday, February 15, 2024
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LOS ANGELES, Feb. 15, 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 Luminosity Gaming, the Company’s gaming and esports brand and one of the largest esports organizations in the world, has seen a number of recent successes in connection with its continued investment in highly engaged gaming communities.

Key Points: 
  • In January 2024, Luminosity hosted one of its tentpole Super Smash Bros Ultimate events, Luminosity Makes Big Moves 2024, at the New Yorker Hotel in New York City in partnership with Even Matchup Gaming.
  • The three-day event had over 1,100 individuals competing in a variety of competitions and brought in over 1,500 total live attendees.
  • “Our live events and streams are the perfect opportunity for brands to integrate in a meaningful and authentic way,” commented Alex Gonzalez, Head of Luminosity Gaming.
  • “These communities are highly engaged and scalable,” commented Adrian Montgomery, interim Chief Executive Officer of Enthusiast Gaming.

THE PALEY CENTER FOR MEDIA ANNOUNCES SCHEDULE FOR THE 41ST ANNUAL PALEYFEST LA

Retrieved on: 
Monday, January 29, 2024
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LOS ANGELES, Jan. 29, 2024 /PRNewswire/ -- The Paley Center for Media today announced the schedule for the 41st annual PaleyFest LA, which will take place from Friday, April 12 through Saturday, April 20, at the DOLBY THEATRE in Hollywood. The nation's premier television festival celebrating creative excellence, PaleyFest LA brings audiences together with television's brightest stars from the most acclaimed and buzzworthy TV shows, and features screenings of special preview and premiere content with never-before-seen TV footage.

Key Points: 
  • "The Curb cast and I are looking forward to seeing you all at PaleyFest!
  • For more updates on the complete list of programming for PaleyFest LA, please visit paleyfest.org , our Facebook page and follow @PaleyCenter on Twitter , Instagram , YouTube , LinkedIn .
  • Become a Member today and receive presale access to the best seats before they sell out and discounts to PaleyFest.
  • For more information on the many benefits of Paley Center Membership, please visit paleycenter.org/join-us

‘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.