Super League Enterprise reports preliminary Q3 revenue $7M, consensus $6.52M

Super League announced preliminary third quarter revenue grew approximately 55% from the year ago comparable period to a record-breaking quarterly revenue level of approximately $7.0 million. Ann Hand, Chief Executive Officer of Super League, commented, “This notable revenue growth is truly a testament of our ability to win over brands aiming to gain traction with the elusive younger audience with an innovative one-stop-shop for virtual worlds. We continue to deliver step change revenue growth with this achievement of record level third quarter 2023 revenue. While the past few months have been incredibly challenging from a capital markets perspective, we have taken the necessary actions to position Super League for a sustainable future. Super League is positioned to benefit from multiple factors including the developing experiential gaming market opportunity, our operating strategy fueled by diverse revenue streams and a healthy pipeline of advertising and publishing partnerships. Recently, company insiders including myself have taken the opportunity to further increase our ownership in Super League to capture the value based upon what we view as a meaningful discount of our share price by the market. Additionally, our shareholder approved 1-for-20 reverse stock split has functioned as appropriate to effectively permit Super League to remain in compliance with the Nasdaq for continued listing on the exchange. We appreciate the support of our shareholders through this process and will continue to closely monitor our good standing while focusing on our capital position and growth objectives.”