Super League Enterprise reports Q4 revenue $4.2M, consensus $4.24M

Chief Executive Officer, Ann Hand: “Super League generated solid first quarter 2024 revenue of $4.2 million, an increase of 27% when compared to the same quarter a year ago and in line with consensus forecast. The resilience in revenue during the first quarter follows the Company’s record fourth quarter and full year 2023 revenue performance. First quarter revenues also reflected the typical seasonality we experience at the start of year, yet we continue to increase this seasonal low point each year. While top-line growth is important to us, we remain focused on accelerating our path to profitability through more aggressive productization which we expect to drive up margins in the second half of this year. We also took meaningful strides towards optimizing operating leverage through improved efficiencies in our workflows and cost reduction, such as through our recent sale of Minehut. Our pipeline trends continue to shift towards higher dollar average programs that are either recurring or longer term which provide a structure that will allow us to achieve more stable cash flow over time. By recently teaming up with Skechers to launch an immersive experience in Roblox Livetopia’s Topia Mall we continue to demonstrate the power of immersive technology to capture the attention of a specific audience and deliver data and analytics that translate into actionable insights about their consumers. Further, new partnerships formed with Chartis and GSTV expand the visibility of our immersive products and experiences for brands to engage with a diverse range of consumers and learn to build a consistent digital presence where the next generation consumer audience lives.”