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Allied Gaming & Entertainment (AGAE)
NASDAQ:AGAE
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Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: -35.11%
|Next Earnings Date:Mar 19, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant revenue growth and strategic initiatives like the World Mahjong Tour and new investments, but these were offset by increased costs and a notable net loss for the quarter. The sentiment is mixed, with both promising achievements and financial challenges.Company Guidance
During the third quarter of 2024, Allied Gaming & Entertainment, Inc. achieved significant progress, marked by a 93% increase in revenue compared to the same quarter in 2023, totaling $2.2 million. This growth was driven by higher revenues from casual mobile gaming and increased demand at their HyperX and Oman mobile arenas. Despite the revenue boost, the company reported a net loss of $4.0 million, largely due to a $3 million settlement loss with BPR Cumulus LLC and a $1.2 million unrealized foreign currency transaction loss, although some of this was later reversed. The adjusted EBITDA loss improved to $0.1 million from $0.3 million in the prior year. Cash and short-term investments reached $80.2 million as of September 30, 2024, with a working capital surplus of $62.8 million, reflecting the financial impact of the settlement agreement. The company is optimistic about future growth with initiatives like the World Mahjong Tour and strategic investments in mobile gaming.Strong Revenue Growth
Achieved 93% revenue growth in Q3 2024 compared to Q3 2023, driven by higher casual mobile gaming revenues and increased in-person revenues at HyperX and Oman mobile arenas.
Successful Event Hosting
HyperX Arena hosted 61 event days, including notable events like the HackerOne Live Hacking Event and a Netflix live special event, indicating high demand and successful operations.
Launch of World Mahjong Tour
Initiated the World Mahjong Tour with events planned in Los Angeles and Beijing, leading to a grand finale in Las Vegas with the largest prize pool for Mahjong in North America.
Investment by Yellow River Global Capital
Received substantial investment from Yellow River Global Capital, providing strategic resources and industry expertise to advance strategic initiatives.
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AGAE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AGAE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $1.12 | $1.14 | +1.79% |
| Aug 19, 2024 | $1.39 | $1.21 | -12.95% |
| May 20, 2024 | $0.77 | $0.74 | -3.90% |
| Mar 27, 2024 | $1.07 | $1.01 | -5.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Allied Gaming & Entertainment (AGAE) report earnings?
Allied Gaming & Entertainment (AGAE) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.
What is Allied Gaming & Entertainment (AGAE) earnings time?
Allied Gaming & Entertainment (AGAE) earnings time is at Mar 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AGAE EPS forecast?
Currently, no data Available
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