Earnings Call Summary | Enthusiast Gaming Holdings Inc(EGLXF.US) Q1 2024 Earnings Conference
Earnings Call Summary | Enthusiast Gaming Holdings Inc(EGLXF.US) Q1 2024 Earnings Conference
The company's gross profit was at CAD 14.1 million, a decrease of 16% compared to Q1 of the previous year.The following is a summary of the Enthusiast Gaming Holdings Inc. (EGLXF) Q1 2024 Earnings Call Transcript:
以下是發燒友遊戲控股公司（EGLXF）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Enthusiast Gaming reported Q1 revenue of CAD 23.3 million, a decrease from CAD 42.9 million in the previous year due to prioritizing higher margin revenue.
The company saw an adjusted EBITDA loss of CAD 1.8 million in Q1, a 42% improvement from the previous year.
The company's gross profit was at CAD 14.1 million, a decrease of 16% compared to Q1 of the previous year.
Gross margin increased to 60.3% reflecting the greater contribution of properties, direct sales, and subscription revenue.
Operating expenses decreased by almost 40% to CAD 15.5 million due to cost-saving initiatives.
Net loss improved significantly, with the Q1 2024 loss reported at CAD 1.3 million, down from CAD 8.7 million in Q1 2023.
發燒友遊戲公佈的第一季度收入爲2330萬加元，低於去年的4,290萬加元，這是由於優先考慮提高利潤率收入。
該公司在第一季度調整後的息稅折舊攤銷前利潤虧損180萬加元，比上年增長42％。
該公司的毛利爲1,410萬加元，與去年第一季度相比下降了16％。
毛利率增至60.3％，這反映了房地產、直銷和訂閱收入的更大貢獻。
由於節省成本的舉措，運營支出下降了近40％，至1,550萬加元。
淨虧損顯著改善，2024年第一季度報告的虧損爲130萬加元，低於2023年第一季度的870萬加元。
Business Progress:
業務進展：
The company has engaged in an ad tech partnership with Playwire to increase cost savings and monetize its properties.
A strategic partnership with the National Hockey League (NHL) has been announced for the 2024-2025 season.
The desktop application, U.GG, expanded into a new game title bringing its total to four with over 2.5 million downloads.
Enthusiast Gaming is set to scale up its product offerings, adding more game titles and events to its various platforms.
The company has focused on enriched audience engagement to increase the ratio of direct sales and subscription revenue, reducing its reliance on network revenue.
Five new incremental sellers were added in Q2 2024 which should bolster direct sales.
Cost-saving initiatives have been implemented with additional measures being developed to boost financial performance.
該公司已與Playwire建立了廣告技術合作夥伴關係，以增加成本節省並通過其資產獲利。
已經宣佈與全國曲棍球聯盟（NHL）在2024-2025賽季建立戰略合作伙伴關係。
桌面應用程序U.GG擴展爲一款新遊戲，使其總下載量達到四個，下載量超過250萬次。
Enthusiast Gaming將擴大其產品供應規模，爲其各種平台增加更多遊戲標題和活動。
該公司一直致力於豐富受衆參與度，以提高直銷和訂閱收入的比例，減少對網絡收入的依賴。
2024年第二季度增加了五個新的增量賣家，這將促進直銷。
已經實施了節省成本的舉措，並正在制定其他措施以提高財務業績。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。
