Zhitong Finance App News, Lianzhong (06899) announced ALLIED GAMING & ENTERTAINMENTININC. (hereinafter referred to as the “Company”) In 2022 annual results, the company achieved total revenue of US$6.35 million, an increase of 28% over the previous year; net loss of US$108.23,900, compared with net revenue of US$62,865,700 for the same period last year.
According to the announcement, personal experience revenue increased 5% year-on-year to 6.1 million US dollars. The increase in personal experience revenue was due to: In the first quarter of 2022, sponsorship revenue for a new contract signed increased by $1.1 million, mainly because AGAE's Las Vegas-based HyperXeSportsArena lifted venue restrictions related to the novel coronavirus pandemic on June 1, 2021, and revenue from restaurants, tickets, games and products increased by $400,000; and event revenue increased by $400,000.