EarningsQ3 2024 Earnings Report

All In FutureTech Alliance (2AA0) Q3 2024 Earnings Report

0 Followers

Previous Report: Q2 2024

Next Report: Q4 2024

DE:2AA0 Q3 2024 EPS Results

Actual EPS-€0.57

Consensus EPS―

Beat/Miss―

One Year Ago EPS€0.01

DE:2AA0 Q3 2024 Revenue Results

Actual Revenue€1.87M

Expected Revenue―

Beat/Miss―

YoY Revenue Growth+93.18%

Earnings Announcement Details

QuarterQ3 2024

Date11/14/2024

TimeAfter Close

Conference CallThursday, November 14, 2024

DE:2AA0 Upcoming Earnings

All In FutureTech Alliance's next earnings date is estimated for November 18, 2026, based on past reporting schedules.

Q3 2024 Earnings Call Audio

DE:2AA0 Q3 2024 Earnings Call

0:00 / 0:00

Q3 2024 Earnings Slide Deck

No slide deck is available for this earnings event.

Q3 2024 Earnings Call Summary

Q3 2024

Earnings Call Date:Nov 14, 2024|

% Change Since:

Earnings Call Sentiment|Neutral

The earnings call highlighted significant revenue growth and strategic initiatives like the World Mahjong Tour and new investments, but these were offset by increased costs and a notable net loss for the quarter. The sentiment is mixed, with both promising achievements and financial challenges.

Company Guidance

During the third quarter of 2024, Allied Gaming & Entertainment, Inc. achieved significant progress, marked by a 93% increase in revenue compared to the same quarter in 2023, totaling $2.2 million. This growth was driven by higher revenues from casual mobile gaming and increased demand at their HyperX and Oman mobile arenas. Despite the revenue boost, the company reported a net loss of $4.0 million, largely due to a $3 million settlement loss with BPR Cumulus LLC and a $1.2 million unrealized foreign currency transaction loss, although some of this was later reversed. The adjusted EBITDA loss improved to $0.1 million from $0.3 million in the prior year. Cash and short-term investments reached $80.2 million as of September 30, 2024, with a working capital surplus of $62.8 million, reflecting the financial impact of the settlement agreement. The company is optimistic about future growth with initiatives like the World Mahjong Tour and strategic investments in mobile gaming.

Strong Revenue Growth

Achieved 93% revenue growth in Q3 2024 compared to Q3 2023, driven by higher casual mobile gaming revenues and increased in-person revenues at HyperX and Oman mobile arenas.

Successful Event Hosting

HyperX Arena hosted 61 event days, including notable events like the HackerOne Live Hacking Event and a Netflix live special event, indicating high demand and successful operations.

Launch of World Mahjong Tour

Initiated the World Mahjong Tour with events planned in Los Angeles and Beijing, leading to a grand finale in Las Vegas with the largest prize pool for Mahjong in North America.

Investment by Yellow River Global Capital

Received substantial investment from Yellow River Global Capital, providing strategic resources and industry expertise to advance strategic initiatives.

DE:2AA0 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Nov 18, 2026	2026 (Q3)	- / -	-0.121	―
Aug 17, 2026	2026 (Q2)	- / -0.08	-0.634	87.74% (+0.56)
May 25, 2026	2026 (Q1)	- / -0.72	-0.576	-25.04% (-0.14)
Nov 20, 2025	2025 (Q3)	- / -0.73	-0.57	-27.73% (-0.16)
Aug 14, 2025	2025 (Q2)	- / -0.63	-0.456	-39.02% (-0.18)
May 26, 2025	2025 (Q1)	- / -	-0.038	―
Mar 19, 2025	2024 (Q4)	- / -	―	―
Nov 14, 2024	2024 (Q3)	- / -0.57	0.01	-5600.00% (-0.58)
Aug 19, 2024	2024 (Q2)	- / -0.46	-0.097	-371.43% (-0.36)
May 20, 2024	2024 (Q1)	- / -0.23	-0.259	12.67% (+0.03)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed