Enthusiast Gaming Holdings Inc (TSE:EGLX) has released an update.
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Enthusiast Gaming’s platform U.GG has surpassed 2 million downloads for its League of Legends desktop apps, with a notable 8-fold monetization increase per user in Q4 2023 compared to the website. The apps have also seen a significant boost in user engagement, with a 43.3% increase in active users and an 18% rise in pageviews per session. This success is part of the company’s strategy to transition its 10 million monthly website visitors to the more lucrative desktop application, enhancing both user experience and revenue.
For further insights into TSE:EGLX stock, check out TipRanks’ Stock Analysis page.
