Want to see SLE full AI Analyst Report?
EarningsQ2 2026 Earnings Report
SLE Q2 2026 EPS Results
Actual EPS-$1.00
Consensus EPS-$1.42
Beat/MissBeat by +$0.42
One Year Ago EPS-$54.24
SLE Q2 2026 Revenue Results
Actual Revenue$3.01M
Expected Revenue$3.40M
Beat/MissMissed by -$391.00K
YoY Revenue Growth+0.27%
Earnings Announcement Details
QuarterQ2 2026
Date08/14/2026
TimeBefore Open
Conference CallFriday, August 14, 2026
SLE Upcoming Earnings
Super League Enterprise's next earnings date is estimated for November 12, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
SLE Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed clear operational progress: sequential net revenue growth (+16%), improved gross margin (+5 percentage points), a ~20% year-over-year improvement in adjusted EBITDA loss, a 57% increase in weighted pipeline per seller, successful integration of Misfits Ads without raising cost, and materially stronger liquidity (cash + investments ~$6.7M vs ~$475K a year ago). However, the top line (gross revenue ~ $3.0M) was flat, adjusted EBITDA remains a loss (~$1.7M), macro advertising headwinds and platform policy changes pose near-term risks, and the company must convert the enlarged pipeline into sustained revenue to reach its Q4 profitability target. On balance, operational and balance-sheet improvements meaningfully outweigh the remaining challenges, but execution risk remains material.Company Guidance
Stable Gross Revenue
Gross revenue was approximately $3.0M in Q2 2026, essentially flat year-over-year and sequentially and generally in line with analyst expectations.
Sequential Net Revenue Growth
Net revenue increased 16% sequentially to approximately $1.24M in Q2 from $1.08M in Q1 2026, reflecting improvement beneath the top line.
Improved Gross Margin
Gross margin improved to 41% in Q2 2026, up from 36% in Q1 2026 (a 5 percentage-point increase), demonstrating better revenue quality and cost efficiency.
Adjusted EBITDA Improvement
Adjusted EBITDA loss improved ~20% year-over-year to a loss of approximately $1.7M in Q2 2026 versus a loss of ~$2.1M in the prior year quarter, indicating progress toward profitability.
Significant Pipeline Expansion
Weighted pipeline per seller rose to approximately $2.8M at end of Q2 from ~$1.78M at the end of Q1 (about a 57% increase), driven by new sales leadership, a broader product set, and Misfits transaction opportunities.
Higher Billable Utilization
Implementation team utilization (percentage of cost-of-goods capacity dedicated to billable client activity) increased roughly 30% relative to Q1, improving operational leverage.
Successful Misfits Ads Integration
Misfits Ads assets acquired in May were integrated without increasing Super League's overall cost base; total company headcount remains below pre-acquisition levels while adding programmatic capabilities and commercial pipeline.
Strong Liquidity and Simplified Capital Structure
Cash and investments ended Q2 at approximately $6.7M versus ~$475K a year earlier; company eliminated preferred stock (first time in several years) and had previously eliminated debt, supporting belief that existing liquidity is sufficient to fund operations.
Commercial Wins and New Clients
Closed six first-time clients in Q2 and Q3-to-date with notable wins and renewals including Dodge (inaugural Fortnite program), USGA, Logitech, GoGo squeeZ and Regal Cinemas, indicating commercial traction.
Broadened Product and Channel Capabilities
Expanded offerings (programmatic, CTV advergaming, cross-channel programs across mobile, PC, console, web, YouTube, TikTok, Discord) and upgraded commercial organization (new EVP of Revenue and added sellers in LA, NY, Chicago) to better convert pipeline.
SLE Earnings History
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