ESports Entertainment Group (GMBL) PT Lowered to $4 at Benchmark
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Go back to ESports Entertainment Group (GMBL) PT Lowered to $4 at Benchmark
February 23, 2022 8:32 AM EST
Turnkey Solution allows Businesses and Entertainment Venues to add Esports and Gaming as a New Revenue Stream
Hoboken, New Jersey--(Newsfile Corp. - February 23, 2022) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLW) (EEG or the "Company") announced today that GAMMAX, a Netherlands-based gaming and esports startup, has agreed to become the exclusive distributor of the revolutionary new OMEGA solution for the Dutch market. In addition, OMEGA will be installed in GAMMAX Gaming & Esports Centers and Leisure locations across the Netherlands over the next five years, with the... More
February 22, 2022 4:07 PM EST
Sets Revised Fiscal 2022 Revenue Guidance Range of $70 to $75 Million
Hoboken, New Jersey--(Newsfile Corp. - February 22, 2022) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ:GMBLW) (NASDAQ: GMBLP) (or the "Company") today announced financial results for its fiscal 2022 second quarter ended December 31, 2021.
Fiscal Second Quarter 2022 Financial Results
Net revenue of $14.5 million, up $12.2 million compared to 2Q21, and a 11.4% decrease compared to net revenue of $16.4 million in 1Q22Gross profit of $8.0 million, up $7.2 million compared to 2Q21, and an 19.5% decrease compared to $10.0 million in...
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