Ese Entmt Stock Price, News & Analysis

ESE Entertainment Inc. (OTCQB: ENTEF) announces that its esports team, K1CK, has qualified for the in-person Apex Legends Global Series (ALGS) Pro League playoffs in Stockholm, Sweden from April 29 to May 1, 2022. K1CK secured 3rd place in the Europe, Middle East, and Africa region, allowing them to compete against top teams like 100 Thieves and G2. This marks the first in-person ALGS event in over two years, with a group stage followed by a double-elimination bracket leading to the finals for the championship title.

Opera has partnered with GameAddik, a subsidiary of ESE Entertainment, to enhance advertising for its Opera GX browser aimed at gamers. Opera GX features like CPU and RAM limiters and integrates with platforms like Twitch and Discord, making it tailored for a gaming experience. This partnership is expected to boost the Opera GX user base, which had over 14 million monthly active users by Q4 2021. GameAddik will leverage its technology and marketing expertise to drive growth in the Opera GX ecosystem, supporting its mission to connect more gamers with this specialized browser.

ESE Entertainment Inc. (TSXV: ESE, OTCQB: ENTEF) has signed a sponsorship agreement with Diverse for the Digital Motorsports Tournament, concluding on April 13, 2022. This event, held at Automotive Icons in Warsaw, Poland, showcases high-end cars and features top simulators for competitors. Diverse, a notable player in the apparel industry, will offer gift cards to top performers. Jędrzej Stęszewski from ESE highlights this tournament as a new revenue stream and a showcase for their simulators, while Diverse aims to enhance its presence in esports.

ESE Entertainment has appointed Eric Jodoin as its new Chief Operating Officer effective April 7, 2022. With over 20 years of experience in the IT sector, Jodoin has a track record of generating approximately $250 million in revenue from various projects. He previously served as CEO of GameAddik, where he focused on strategy and team management. His new role will involve driving innovation and sales growth in gaming technology. CEO Konrad Wasiela expressed confidence in Jodoin's ability to enhance the company’s operations and growth as it enters a crucial growth phase.

ESE Entertainment Inc. has launched a new division targeting the iGaming market, enhancing its service offerings for internet gambling companies. This strategic move comes as Ontario anticipates the legalization of online gambling, creating opportunities in the sector. ESE aims to leverage its expertise in esports and gaming to provide valuable services to legal iGaming operators. CEO Konrad Wasiela emphasized the significant potential for growth in this sector. All iGaming projects will be subject to TSX Venture Exchange approval. ESE's ongoing focus includes eCommerce channels and esports teams.

ESE Entertainment Inc. (OTCQB: ENTEF) announced that its media production division, Frenzy, will produce the TV broadcast for the Warka Planet of Gamers Cup on April 3, 2022. The tournament features six players competing in four games, with the final day broadcast on Polsat Games TV and online. Last year's event achieved 554,400 impressions, with creator content reaching 7,047,000 impressions. Frenzy aims to connect the Warka brand, a Polish brewery, with the gaming community, leveraging its expertise in esports.

ESE Entertainment Inc. (TSXV: ESE, OTCQB: ENTEF) has entered into a Partnership Agreement with Waveform Entertainment Inc., an esports entertainment leader. This collaboration aims to enhance operations and seize new business opportunities in Europe and North America. Waveform, known for its comprehensive esports solutions and clients like ESL Gaming and Ubisoft, will boost ESE's capacity in live events and digital productions, including AR and VR. This partnership aligns with ESE's growth strategy, leveraging Waveform's industry expertise and ESE's media production unit Frenzy.

ESE Entertainment has entered a Partnership Agreement with Cowana GmbH, a leading European esports company known for working with major brands like Red Bull and NVIDIA. This collaboration aims to leverage combined resources to expand business opportunities in Europe, enhancing their capacity for larger contracts and new clients. ESE’s CEO highlighted the partnership's potential to drive revenue and global growth, while Cowana expresses excitement about accessing ESE's extensive network. This strategic alliance positions ESE to accelerate its presence in the esports and gaming sectors.

ESE Entertainment Inc. (OTCQB: ENTEF) reported record quarterly revenue of $8.03 million for Q1 2022, marking a 4069% year-over-year increase from $0.19 million in Q1 2021. The gross profit reached $1.41 million, a 633% increase from the previous year. However, the adjusted EBITDA loss stood at $795,338, an increase from a loss of $687,330 in Q1 2021. Total assets rose to $19.62 million from $15.94 million as of October 31, 2021. The results do not include the acquisition of GameAddik, which will impact the next quarter's performance.