Allied Esports Entertainment (AESE) Misses Q2 EPS by 24c

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Allied Esports Entertainment Announces Second Quarter 2020 Financial Results

August 10, 2020 4:28 PM EDT

IRVINE, Calif.--(BUSINESS WIRE)-- Allied Esports Entertainment, Inc. (NASDAQ: AESE) (the Company), a global esports entertainment company, today announced its financial results for the second quarter ended June 30, 2020, as well as an update on several key business initiatives.

Commenting on the second quarter results, the Companys CEO, Frank Ng, said, Throughout the second quarter, we continued to operate in an extremely challenging environment arising from the ongoing COVID-19 pandemic. The shelter-in-place orders that extended for the majority of the second quarter resulted in the temporary shut-down of the In-person pillar of our... More