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This considerably shifts the dynamics of media in the eSports space making it similar to the media ecosystems of traditional sports, and creating correspondingly profitable business opportunities. Its platform represents more than 80 websites reaching 75 million monthly visitors, as well as YouTube channels reaching 50 million additional monthly visitors. Enthusiast Gaming has built a respectable portfolio of media assets through partnerships and acquisitions. Its first iteration in saw 1, attendees, growing to 12, attendees in , followed by 24, attendees in March , and 30, attendees in October Enthusiast Gaming is contemplating expanding EGLX to other North American cities in light of significant growth in the video gaming sector.
Enthusiast Gaming generates earnings through a number of revenue categories. Video content attracts advertising payments, and EGLX produces revenue from show admissions, exhibitor booths, and show sponsors.
Paid user subscriptions are another form of revenue for Enthusiast Gaming. Enthusiast Gaming Holdings Inc. Editor: InvestorIntel. A qualified online influencer through All rights reserved. Notify me of replies to this post.
Notify me of new posts via email. This online game has a huge audience and the U. In late January, the company reported nearly 52 million unique visitors for December. Just over a week later, management gave preliminary Q4 guidance. The analyst community is sanguine about the company's prospects. Two of these did contain downward price target revisions after the company's last quarterly report. Enthusiastic Gaming seems a reasonable proxy for the growth in the electronic gaming space and thus worthy of a small 'watch item' position for the moment.
Compared to the four to ten times sales I see often when looking at small unprofitable SaaS concerns experiencing similar growth trajectories, EGLX at around two times revenues seems a decent value. Investors will get an updated set of data points Monday, when the company is scheduled to report fourth quarter results.
Try a free 2-week trial today by clicking on our logo below! Many times after the initial analyst hyperbole has died and lockups have expired, these same companies can be had for. As lucrative as this niche has been for my portfolio over the years, a service or newsletter has not existed that covered this segment of the market -- until now! I wrote this article myself, and it expresses my own opinions.
I am not receiving compensation for it other than from Seeking Alpha. I have no business relationship with any company whose stock is mentioned in this article. The company has a very diverse variety of interests in the gaming space which is captured via the company profile: Enthusiast Gaming Holdings Inc. Egaming Growth August Company Presentation In addition, the company is making a big bet on Generation Z which are its core customers along with Millennials as it bets that online gaming develops into a huge and powerful social network over time.
Gen Z Factoids August Company Presentation The company is increasing using the high engagement of this social network to craft unique and effective campaigns for numerous brands and this is a core part of management's growth strategy. Verdict: Enthusiastic Gaming seems a reasonable proxy for the growth in the electronic gaming space and thus worthy of a small 'watch item' position for the moment.
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Enthusiast Gaming has raised a total of $64M in funding over 9 rounds. Their latest funding was raised on. Enthusiast Gaming is a platform that reaches three hundred million video gamers Last Funding Type Post-IPO Equity; Also Known As Enthusiast Gaming Media. Building the world's largest network of communities for gamers through multi-channel media, original content, and events.