---
schema_version: "secwatch.filing_event.v1"
accession: "0000929638-24-002832"
form_type: "8-K"
ticker: "AGAE"
cik: "0001708341"
company_name: "Allied Gaming & Entertainment Inc."
filed_at: "2024-08-19T23:59:59+00:00"
generated_at: "2026-05-31T08:41:26.721007+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000929638-24-002832
- form_type: 8-K
- ticker: AGAE
- cik: 0001708341
- company_name: Allied Gaming & Entertainment Inc.
- filed_at: 2024-08-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1708341/000092963824002832/0000929638-24-002832-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1708341/000092963824002832/a8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000929638-24-002832
- JSON: https://secwatch.observer/filing/0000929638-24-002832.json
- Plain text: https://secwatch.observer/filing/0000929638-24-002832.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.