Want to see TSE:EGLX full AI Analyst Report?
Enthusiast Gaming Holdings (EGLX) AI Stock Analysis
Enthusiast Gaming Holdings
(TSX:EGLX)
Primarily impacted by weak financial performance from revenue declines and losses, with bearish technical indicators adding pressure. Valuation is challenged by negative earnings.
Enthusiast Gaming Holdings (EGLX) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 2.94M
- Dividend Yield
- ―
- Average Volume (3M)
- 80.06K
- Price to Earnings (P/E)
- -23.1
- Beta (1Y)
- 1.45
- Revenue Growth
- -44.00%
- EPS Growth
- 99.85%
- Country
- Canada
- Employees
- 75
- Sector
- Communication Services
- Sector Strength
- 60
- Industry
- Internet Content & Information
Enthusiast Gaming Holdings Business Overview & Revenue Model
Company Description
Enthusiast Gaming Holdings Inc., an integrated gaming entertainment company, engages in media and content, esports and entertainment, and subscription businesses in the United States, Canada, England and Wales, and internationally. The company owns a...
How the Company Makes Money
Enthusiast Gaming makes money primarily by monetizing its owned-and-operated gaming media and content network and by providing marketing services to advertisers seeking access to gaming audiences. Key revenue streams typically include (1) advertising...
Enthusiast Gaming Holdings Earnings Call Summary
The earnings call reflects a company in transition, with significant improvements in profitability and cost management despite a notable decline in revenue. Key assets and partnerships show promising performance, but challenges such as revenue decline, program sunsetting, and debt covenant compliance issues remain. Overall, the company's strategic focus on high-margin growth and audience expansion presents a balanced outlook.
Q4-2024 Updates
Positive Updates
Negative Updates
Company Guidance
During the Enthusiast Gaming Holdings Fourth Quarter 2024 Financial Results Conference Call, the company reported several key metrics. Enthusiast Gaming achieved an adjusted EBITDA of $1.9 million in Q4 2024, marking a $4.9 million improvement from a $3 million loss in Q4 2023. Revenue for Q4 2024 was reported at $17.8 million, down from $47.1 million in the same quarter of 2023, largely due to the strategic deprioritization of low-margin video network segments. However, gross margins significantly increased to 76% from 40% in Q4 2023, indicating a more profitable revenue mix. Operating expenses were sharply reduced, with cash-based quarterly OpEx down by over $10 million year-over-year in Q4. On a full-year basis, revenue for 2024 was $73 million, down from $178 million in 2023, but adjusted EBITDA improved significantly, reducing the loss from $13 million in 2023 to just $153,000 in 2024. Looking forward to 2025, the company expects gross margins to remain strong and is focusing on audience expansion and efficient monetization strategies, leveraging partnerships and increased yields from programmatic revenue streams.
Enthusiast Gaming Holdings Financial Statement Overview
Summary
Poor financials with sharply declining revenue from $202M to $32M, persistent net losses, negative margins, and eroding equity to $2M highlight severe operational and solvency risks.
Income Statement
25NegativeBalance Sheet
15Very NegativeCash Flow
20Very Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 31.75M | 32.03M | 72.57M | 178.18M | 202.84M | 167.36M |
| Gross Profit | 15.50M | 28.00M | 49.13M | 67.42M | 63.47M | 37.77M |
| EBITDA | -324.55K | -4.59M | -3.72M | -24.65M | -58.55M | -40.62M |
| Net Income | -182.79K | -44.12M | -95.98M | -117.67M | -76.83M | -52.05M |
Balance Sheet | ||||||
| Total Assets | 61.48M | 64.94M | 128.45M | 242.41M | 341.44M | 387.78M |
| Cash, Cash Equivalents and Short-Term Investments | 2.04M | 3.26M | 4.77M | 6.85M | 7.54M | 22.79M |
| Total Debt | 45.17M | 45.70M | 40.01M | 23.72M | 19.94M | 12.84M |
| Total Liabilities | 59.43M | 63.16M | 76.70M | 99.69M | 86.79M | 125.01M |
| Stockholders Equity | 2.05M | 1.78M | 51.75M | 142.72M | 254.65M | 262.77M |
Cash Flow | ||||||
| Free Cash Flow | 87.67K | -744.20K | -19.93M | -2.86M | -26.65M | -23.68M |
| Operating Cash Flow | 87.67K | -743.36K | -19.75M | -2.84M | -26.64M | -23.68M |
| Investing Cash Flow | -451.88K | -435.69K | 3.85M | -767.27K | 4.31M | -33.94M |
| Financing Cash Flow | 2.01M | -242.52K | 13.34M | 3.09M | 6.50M | 76.01M |
Enthusiast Gaming Holdings Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EGLX, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.04, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of -0.00 indicates Negative momentum. The RSI at 47.08 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:EGLX.
Enthusiast Gaming Holdings Peers Comparison
Overall Rating
TSE:FORA59.6Neutral
TSE:AIC45Neutral- TSE:EGLX39Underperform
TSE:OAM37Underperform
TSE:VRTS37Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 60Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
| TSE:FORA | 60Neutral | CAD 55.66M | -5.14 | -10.41% | ― | -16.37% | -105.29% |
| TSE:AIC | 45Neutral | CAD 4.72M | -6.77 | -87.88% | ― | ― | -15.30% |
| TSE:EGLX | 39Underperform | CAD 4.90M | -23.08 | -5.94% | ― | -44.00% | 99.85% |
| TSE:OAM | 37Underperform | CAD 6.51M | -0.62 | -24.36% | ― | -15.26% | -9.21% |
| TSE:VRTS | 37Underperform | CAD 4.33M | -0.39 | 158.13% | ― | 35.39% | -184.44% |
* Communication Services Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:EGLX | Enthusiast Gaming Holdings Inc | 0.03 | -0.03 | -50.00% | |
| TSE:TGS.H | TGS Esports Inc | 0.06 | 0.00 | 0.00% | |
| TSE:AIC | Alpha Esports Tech Inc. | 0.40 | 0.13 | 48.15% | |
| TSE:FORA | VerticalScope Holdings, Inc. | 2.56 | -1.13 | -30.62% | |
| TSE:VRTS | Wondr Gaming Corp | 0.01 | -0.01 | -50.00% | |
| TSE:OAM | OverActive Media Corp | 0.05 | -0.21 | -80.77% |
Enthusiast Gaming Holdings Corporate Events
Enthusiast Gaming Turns Corner on Profitability as AI-Driven Product Push Gains Traction
PositiveEnthusiast Gaming reported its fourth consecutive quarter of positive adjusted EBITDA in Q2 2026, with profitability more than doubling year over year to $0.7 million despite a slight dip in revenue to $6.9 million. The company also swung to net inco...
Enthusiast Gaming Expands Pocket Gamer Connects Footprint With Record Shanghai and Barcelona Events
PositiveEnthusiast Gaming has expanded its Pocket Gamer Connects conference footprint with a successful second edition of Pocket Gamer Connects Summit Shanghai, drawing more than 770 gaming professionals from over 40 countries and a strong presence of Chines...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 16, 2026