Welcome to our dedicated page for Allied Esports Entertainment news (Ticker: AGAE), a resource for investors and traders seeking the latest updates and insights on Allied Esports Entertainment stock.
Allied Gaming & Entertainment Inc. (NASDAQ: AGAE) is a global experiential entertainment company that reports on activities across gaming, live events, content and digital initiatives. Its news flow provides insight into how the company engages gamers, concertgoers and live-event audiences through in-person operations, mobile gaming and related entertainment assets.
News releases from Allied Gaming & Entertainment frequently cover quarterly financial results, where the company discusses revenues from in-person events, multiplatform content and casual mobile gaming, along with operating performance and the use of non-GAAP measures such as EBITDA and Adjusted EBITDA. These updates often include operational details, such as the number and types of events hosted and examples of third-party activations at its venues and through its mobile gaming truck.
The company’s news also highlights strategic developments. Recent communications describe participation in the investment of The Angry Birds Movie 3 through Flywheel Media, reflecting an interest in globally recognized intellectual property. Allied Gaming & Entertainment has announced an initial investment in Bitcoin and Ethereum as part of a broader blockchain and Real World Asset tokenization roadmap, and has outlined plans to integrate digital assets into its entertainment ecosystem.
Governance and regulatory topics are another recurring theme. The company issues updates on its proxy contest and litigation with Knighted Pastures LLC and related parties, court rulings affecting director elections, and matters related to its shareholder rights plan. It also reports on outcomes of its annual meetings, including advisory votes on executive compensation and auditor ratifications, as well as Nasdaq listing compliance developments.
Investors and followers of AGAE news can use this stream of press releases to track financial performance, event activity, digital asset strategy, intellectual property investments and corporate governance developments over time.
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Allied Gaming & Entertainment (NASDAQ: AGAE) announced its financial results for the fourth quarter and full year ended December 31, 2022. Total revenues for 2022 were $6.4 million, marking a 28% increase from 2021, driven by growth in live events and sponsorships. The company reported a loss of $10.8 million from continuing operations, an improvement from a $15.1 million loss in 2021. However, fourth-quarter revenues fell 37% year-over-year to $1.2 million. The company also concluded its strategic review and rebranded to better reflect its focus on experiential entertainment.
Allied Gaming & Entertainment (NASDAQ: AGAE) has announced that it will disclose its fourth quarter and full year 2022 results on March 23, 2023, after market close. A conference call is scheduled for 2:00 p.m. PT / 5:00 p.m. ET on the same day to discuss the financial results. Interested participants can join by calling 1-877-407-0792 (US) or 1-201-689-8263 (international). The call will also be accessible via a live webcast on the company’s Investor Relations site. A replay will be available until April 6, 2023, with access at 1-844-512-2921 (US) and 1-412-317-6671 (international).
Allied Gaming & Entertainment (NASDAQ: AGAE) and its subsidiary Allied Esports International have launched the original content series WANNABE on the YES App, featuring 30 episodes exploring the journeys of professional gamers and athletes. This series aims to resonate with esports and sports fans and is part of a multi-year partnership with the YES Network, which has dominated regional sports viewership. CEOs Robert Proctor and Yinghua Chen expressed excitement over this collaboration, highlighting its potential to expand and monetize content offerings.
Allied Gaming & Entertainment (NASDAQ: AGAE), formerly known as Allied Esports Entertainment (NASDAQ: AESE), has concluded its strategic review, opting to restructure its esports operations and broaden its focus on entertainment and gaming. CEO
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