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Enthusiast Gaming Holdings (TSE:EGLX)
TSX:EGLX
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Earnings Data
Report Date
Apr 08, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
>-C$0.01Last Year’s EPS
-C$0.01Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: 0.00%
|Next Earnings Date:Apr 08, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a significant strategic shift towards profitability and efficiency, with major achievements in cost savings and margin improvements. However, these financial gains are tempered by a notable decline in revenue and subscription numbers. Despite the revenue decline, the company is well-positioned for future growth with increased profitability and strategic partnerships.Company Guidance
In the Enthusiast Gaming Q3 2024 earnings call, the company reported achieving profitability on an adjusted EBITDA basis for the first time, marking a significant milestone. The quarter saw a $3.6 million improvement in adjusted EBITDA year-over-year, supported by over $20 million in annual cost savings, which doubled their initial goal. Revenues totaled $16.8 million, a decrease from $45.5 million in Q3 2023, driven by strategic refocusing and divestments. However, gross margins improved to 70.3% from 36.7% the previous year, reflecting a shift towards more profitable revenue streams. Page views increased from 1.8 billion in Q2 to 1.9 billion in Q3. Direct sales growth was bolstered by a 107% increase in Amazon's spend and a shift towards custom sponsorships, which accounted for 56% of direct sales, up from 28% in Q2. The company also achieved an RPM increase of 139% compared to Q3 2023. Looking forward, Enthusiast Gaming anticipates seasonal trends to enhance profitability in Q4, with continued growth in programmatic advertising and direct sales, supported by strategic partnerships and new initiatives like NHL Puck 'N Play launching in Q1 2025.First-Time Adjusted EBITDA Profitability
Enthusiast Gaming achieved profitability on an adjusted EBITDA basis for the first time, marking a transformational milestone for the company.
Significant Cost Savings Achieved
The company achieved over $20 million in annual cost savings, doubling their original goal of $10 million, without sacrificing community growth or content quality.
High Gross Margin Improvement
Gross margin reached 70.3% in Q3 2024, up from 36.7% in Q3 2023, due to efficiency and margin improvements.
Amazon Direct Sales Growth
Amazon increased its spend by 107% in Q3 compared to Q2, becoming the largest direct sales client year-to-date.
Strong Performance of Core Properties
Page views across core web properties increased to 1.9 billion in Q3 from 1.8 billion in Q2.
Record NFL Tuesday Night Gaming Impressions
NFL Tuesday Night Gaming achieved 93 million impressions in Q3, a 467% increase year-over-year.
Sims Resource Subscriber Growth
The Sims Resource achieved six consecutive months of paid subscriber growth after four months of decline.
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TSE:EGLX 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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TSE:EGLX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | C$0.14 | C$0.15 | +3.45% |
| Aug 14, 2024 | C$0.16 | C$0.17 | +3.13% |
| May 15, 2024 | C$0.14 | C$0.14 | -3.57% |
| Apr 01, 2024 | C$0.20 | C$0.17 | -14.63% |
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 Enthusiast Gaming Holdings (TSE:EGLX) report earnings?
Enthusiast Gaming Holdings (TSE:EGLX) is schdueled to report earning on Apr 08, 2025, TBA Not Confirmed.
What is Enthusiast Gaming Holdings (TSE:EGLX) earnings time?
Enthusiast Gaming Holdings (TSE:EGLX) earnings time is at Apr 08, 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 TSE:EGLX EPS forecast?
TSE:EGLX EPS forecast for the fiscal quarter 2024 (Q4) is >-C$0.01.
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