Super League Enterprise reports preliminary Q4 revenue $9.4M

In association with the announcement of preliminary fourth quarter 2023 revenue, the Company has issued the below letter to shareholders from Chief Executive Officer, Ann Hand. “2023 turned out to be a year of strong momentum for Super League, highlighted by accelerated growth, streamlined operations, and the largest contract in the company’s history leading to record annual revenues of approximately $25.0 million. With additional cash from our recently secured financings, we are now, more than ever, in a better position to drive significant revenue growth leading to profitability in 2024… During 2023, we further solidified our leadership position as builders of immersive 3D experiences-a dominant form of digital social interaction-across world-class platforms including Roblox, Minecraft and Fortnite, among others where the seismic shift of audience has already occurred with more than a half a billion users and growing… As well, while Super League brings brands into virtual environments on other platforms’ turfs, we are also the strategists and innovators to transform a brand’s home-turf web domain into 3D experiences that allow for personalized conversations with consumers to ultimately increase brand loyalty and conversion… Looking ahead to 2024, our core focus is to build upon the operating leverage experienced in 2023. We delivered an approximate 26% reduction in proforma operating costs over the course of the last 12 months, and this lean cost structure coupled with larger, recurring brand and IP programs tees up 2024 to be a transformational year. So now, we turn our attention to scaling our business to achieve the previously mentioned goal of profitability in 2024, while driving shareholder value over the long-term.”