Enthusiast Gaming

Q2 2024 Financial Results - $EGLX • Adjusted EBITDA loss was $0.4 million in Q2 2024 compared to an Adjusted EBITDA loss of $3.4 million in Q2 2023. • Gross margin increased to 66.2% in Q2 2024 from 35.2% in Q2 2023.

Luminosity Gaming Hosts Invitational Smash Bros Event for over 400,000 Unique Online Viewers READ MORE: https://lnkd.in/e32nz7kf

Enthusiast Gaming Partners with ampm for second iteration of the ampm Snack Squad, a livestreamed casual gaming competition which officially kicked off in August and will continue throughout the remainder of the year and feature four additional events. Read More: https://lnkd.in/et8uqfQy

When it's time to pivot, plant hard and commit. That's been a guiding light in my career and I hope it's true for the great show my team is building at Enthusiast Gaming. Please be sure to check out the Season 3 Premiere of NFL Tuesday Night Gaming: https://lnkd.in/g-WFNZDw

The third season of NFL Tuesday Night Gaming premiers on September 3rd! 🏈 🎮 Our brand-new show format will bring fans closer than ever to the gaming creators and NFL stars they love. Read More: https://lnkd.in/gbhCjFEj

Luminosity Gaming has teamed up with State Farm again for another thrilling season of the State Farm Gamerhood! 🚀 Join us every Friday in August at 6 PM ET on Twitch for exclusive watch parties hosted by our amazing Luminosity creators, including JennySmiles, Jay3 and more. We're continuing to push the boundaries with dynamic livestream overlays and our Luminosity banner technology to bring an even more immersive experience to our creator's audiences. We’re thrilled to continue this incredible partnership for the third year in a row to drive engagement for the Gamerhood series. See you in Neo City! 🏙 Read More: https://lnkd.in/gK3mJVkJ

In collaboration with one of the most iconic fast food brand worldwide, Enthusiast Gaming teamed up with McDonald’s to create the ultimate quest for the beloved Quarter Pounder with Cheese. Driving audience awareness for the iconic burger, nicknamed the QPC, four Twitch streamers explored their favorite video game titles with their communities to search for look-alike burgers found in virtual worlds. Once spotted, fans were encouraged to clip their finds and submit them on a special QPC microsite, entering them into a contest for a chance to win a virtual meet-and-greet with their favorite creator! We can’t wait to see what we will spot in the wild with McDonald’s next!

Enthusiast’s Luminosity Partners With Amazon Prime For Second Activation of the Year, ‘Coins vs. Rings’ Luminosity Gaming will host an invitational event on August 1st featuring a variety of North American content creators. READ MORE: https://lnkd.in/gF_3pvdB

Luminosity creators are taking on McDonald's QPC Quest! Join Ursungirl, Livillon, and Coney over the next few weeks as they work on conquering the QPC Quest!

ENTHUSIAST GAMING SECURES $20 MILLION TERM LOAN TO FUEL GROWTH This strategic investment significantly bolsters our financial position, providing $20 million of additional liquidity, which will enable us to accelerate our vision of uniting gaming enthusiasts globally and delivering exceptional value to our partners and communities,” said Adrian Montgomery, Interim CEO & Chairman of the board of directors (the “Board”) of Enthusiast Gaming. “We are delighted to partner with Beedie Capital, whose reputation and successful history of supporting high-growth companies is unmatched.” “With the operations of the Company now effectively self-sustaining, we expect this extra capital to unlock significant growth opportunities. We appreciate the support of Beedie Capital and the Lenders, who share our confidence in the future of Enthusiast Gaming’s business model,” said Felicia DellaFortuna, CFO of Enthusiast Gaming. READ MORE: https://lnkd.in/ersaGYEx