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Enthusiast Gaming Holdings Inc. - EGLX STOCK NEWS

Welcome to our dedicated news page for Enthusiast Gaming Holdings (Ticker: EGLX), a resource for investors and traders seeking the latest updates and insights on Enthusiast Gaming Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Enthusiast Gaming Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Enthusiast Gaming Holdings's position in the market.

News
Enthusiast Gaming Names Felicia DellaFortuna as Chief Financial Officer
Rhea-AI Summary
Enthusiast Gaming Holdings Inc. (EGLX) appoints Felicia DellaFortuna, former CFO of BuzzFeed, Inc., as Chief Financial Officer, effective November 14, 2023. DellaFortuna brings strong financial and digital media expertise, supporting profitable growth plans. Her track record includes leading a recovery to reverse losses and drive diversified revenue growth at BuzzFeed, Inc., as well as spearheading corporate development and acquisitions. Enthusiast Gaming aims to leverage the over 56 million gaming enthusiasts in the United States, seeking cost-efficiencies and consolidation across the business. DellaFortuna's appointment is pivotal for executing the company's strategic and financial plan for profitable growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.58%
Tags
none
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News
Enthusiast Gaming Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
Enthusiast Gaming Holdings Inc. (EGLX) announces Q3 2023 financial results, highlighting a 10% decrease in revenue but a 1% increase in gross profit compared to Q3 2022. The company also saw a 400 basis points expansion in gross profit margins year-over-year. Operating expenses decreased by 6%. The CEO, Nick Brien, expressed optimism about the company's progress, emphasizing a strategic focus on cross-platform offerings and brand solutions driving improved revenue mix and profitability. Brien highlighted the largest branded solutions sale to date and the expectation of profitability in the fourth quarter, positioning the company for growth and value creation in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.58%
Tags
earnings
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News
Luminosity Gaming Returns to Rocket League
Rhea-AI Summary
Enthusiast Gaming's esports brand, Luminosity Gaming, has returned to Rocket League after a one-year hiatus. They have secured two top North American competitors, Retals and MaJicBear, and expect to add a third team member soon. Luminosity Gaming aims to establish its presence in Rocket League and engage with a young audience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.47%
Tags
none
News
Enthusiast Gaming to Announce Third Quarter 2023 Results on November 13, 2023
Rhea-AI Summary
Enthusiast Gaming Holdings Inc. will release its financial and operating results for Q3 2023 on November 13, 2023. A conference call and webcast will be hosted by management at 5:00 p.m. ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12%
Tags
earnings
-
News
Luminosity Gaming Launches Super Smash Bros. Tournament Series with Luminosity Makes Moves Miami
Rhea-AI Summary
Enthusiast Gaming Holdings Inc. announced that Luminosity Gaming will host Luminosity Makes Moves Miami, a three-day Super Smash Bros. tournament series. The tournament brings together top players from around the world and marks the re-branding of legacy events under the Luminosity banner.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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none
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News
Enthusiast Gaming Announces Intention to Voluntarily Delist from Nasdaq
Rhea-AI Summary
Enthusiast Gaming Holdings Inc. has announced its intention to voluntarily delist its common shares from Nasdaq and continue trading on the Toronto Stock Exchange. The company cited high costs and administrative burdens associated with a U.S. stock exchange listing as the reason for the delisting.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-21.24%
Tags
none
News
Enthusiast Gaming Expands Credit Facilities
Rhea-AI Summary
Enthusiast Gaming Holdings Inc. has entered into an amended and restated commitment letter with its primary lender to provide up to $7.0 million of additional liquidity. The Amendment includes an increase of the operating facility by $2.5 million, a six-month deferral on principal repayments, and the ability to increase the limit of the operating facility by an additional $2.5 million. The maturity of the Facilities has been extended to June 30, 2025. The Amendment is subject to customary closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.78%
Tags
none
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News
Enthusiast Gaming to Participate in the H.C. Wainwright 25th Annual Global Investment Conference
Rhea-AI Summary
Enthusiast Gaming Holdings CFO to present at H.C. Wainwright conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.36%
Tags
conferences
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News
Netflix, Enthusiast Gaming, and Metavision Bring Iconic Anime “ONE PIECE” to Life Utilizing Fortnite Creative 2.0
Rhea-AI Summary
Enthusiast Gaming and Metavision collaborate with Netflix to launch a Fortnite Creative experience for ONE PIECE manga series.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.84%
Tags
none
News
Enthusiast Gaming Announces Resignation of Bill Karamouzis as President
Rhea-AI Summary
Enthusiast Gaming's President, Bill Karamouzis, resigns to pursue other endeavors, will continue as an advisor.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.63%
Tags
management
Stock EGLX logo
Enthusiast Gaming Holdings Inc.

Nasdaq:EGLX

EGLX Rankings

N/A Ranked by Market Cap
#4962 Ranked by Stock Gains
N/A Ranked by Dividends

EGLX Stock Data

38.69M
137.64M
14.7%
6.86%
0.71%
Internet Publishing and Broadcasting and Web Search Portals
Information
Link
Canada
Toronto

About EGLX

enthusiast gaming (eg) is the culmination of what the gaming world has to offer, both online and offline. its grassroots as an enthusiast lead community brought upon the creation of the first few enthusiast websites, nintendo enthusiast, gaming enthusiast, playstation enthusiast, and later tv and film enthusiast recently in 2015. as a growing network of both internally and externally managed editorials and domains, eg has provided approachable content with a certain readable nature that is generated by the gamer, for the gamer. most recently, eg has added to it’s collection a series of websites that align with this readable nature, and in turn, embracing it to create an online community with gamers across the world. enthusiast gaming operates a live network of gaming events, competitions, markets, and gatherings within the local communities it was created in, giving back to those that have made it possible to be where we are today. eg looks forward to creating new content and events fo