Allied Gaming & Entertainment Q2 revenue $2.6M, net loss widens to $3.9M

Allied Gaming & Entertainment Inc.

2024-Q2 EPS reported -$0.13 revenue$5,018,929

Revenue of $2.6M, down 19% YoY from $3.3M; up 11% QoQ.
Net loss of $3.9M vs $0.7M loss in prior year; costs rose 70% to $7.9M.
Adjusted EBITDA loss of $1.4M vs $1.1M loss in Q2 2023; G&A increased $3.0M due to legal costs from activist shareholder.
Cash and short-term investments $95.2M (incl. $5.0M restricted) vs $78.6M at year-end 2023.
Launched World Mahjong Tour; first event finale spring 2025 at HyperX Arena in Las Vegas.

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