Super League Reports Second Quarter 2026 Financial Results, Highlighted by Improving Margins and Operating Performance
Rhea-AI Summary
Super League (Nasdaq: SLE) reported Q2 2026 gross revenue of approximately $3.0 million, essentially flat year-over-year and sequentially. Net revenue rose 16% sequentially to about $1.24 million, while gross margin expanded to 41% from 36%, reflecting a more favorable revenue mix and delivery model.
Adjusted EBITDA improved about 20% year-over-year to a loss of roughly $1.7 million from a $2.1 million loss. The company completed integration of the Misfits Ads assets without increasing its overall cost base, launched a Youth and Family Marketplace, and upgraded its commercial organization while holding headcount near pre-transaction levels.
As of July 31, weighted pipeline per seller through year-end was approximately $2.8 million, up 57% from post-Q1 levels. Super League ended Q2 with about $6.7 million in cash and investments versus $475,000 a year earlier, has eliminated debt and preferred stock, and, according to management, is focused on achieving Adjusted EBITDA profitability in Q4 2026.
Positive
- Net revenue +16% sequentially to approximately $1.24 million in Q2 2026
- Gross margin improvement to 41% from 36% sequentially
- Adjusted EBITDA loss narrows to about $1.7M from $2.1M year-over-year
- Cash and investments increase to ~$6.7M from ~$0.475M year-over-year
- Weighted pipeline per seller rises 57% to ~$2.8M as of July 31
- Capital structure simplified with all debt and preferred stock eliminated
Negative
- Gross revenue flat at approximately $3.0M year-over-year and sequentially
- Ongoing Adjusted EBITDA loss of about $1.7M in Q2 2026
Market reaction after 2Q26 earnings report: SLE -13.69%
Following this news, SLE has declined 13.69%, reflecting a significant negative market reaction. Our momentum scanner has triggered 22 alerts so far, indicating elevated trading interest and price volatility. The stock is currently trading at $2.90. Trading volume is exceptionally heavy at 12.0x the average, suggesting significant selling pressure.
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Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 06 | Earnings date announcement | Neutral | +4.3% | Company scheduled Q2 2026 results and an earnings webinar for August 14 |
| May 15 | Q1 earnings report | Positive | +48.4% | Margin, EBITDA, cash and acquisition updates supported the profitability transition |
| May 05 | Earnings date announcement | Neutral | +0.1% | Company scheduled first-quarter 2026 results and an earnings webinar |
| Mar 27 | Full-year earnings report | Positive | -11.3% | Debt-free balance sheet, cash growth and EBITDA improvements accompanied results |
| Mar 17 | Earnings date announcement | Neutral | +0.4% | Company scheduled fourth-quarter and full-year 2025 results |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Tag-specific earnings events produced mostly positive 24-hour reactions, but the prior full-year results diverged with an 11.27% decline.
Key Terms
adjusted ebitda financial
gross margin financial
programmatic advertising technical
preferred stock financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Net Revenue increases
Adjusted EBITDA improves approximately
SANTA MONICA, Calif., Aug. 14, 2026 (GLOBE NEWSWIRE) -- Super League (Nasdaq: SLE) (the “Company”), an audience intelligence and media activation company trusted by global brands to reach and engage people who play video games across the digital advertising landscape, today announced financial results for the second quarter ended June 30, 2026, reflecting continued operating progress despite a challenging advertising environment.
Gross revenue for Q2 2026 was approximately
Adjusted EBITDA improved approximately
Matt Edelman, Chief Executive Officer of Super League, stated:
“Q2 was a quarter of resilience and continued operating progress. While gross revenue remained essentially flat in a challenging advertising environment, we made meaningful progress beneath the top line. Net revenue increased
“We also took important steps to strengthen the underlying business. We successfully integrated the Misfits Ads assets acquired on May 1st of this year without increasing our overall cost base, expanded our programmatic and turnkey media capabilities, and upgraded our commercial organization with new revenue leadership and experienced sales talent. As of July 31, our weighted pipeline per seller for opportunities through year-end increased approximately
“We entered 2026 saying our focus had shifted from stabilization to execution. Halfway through the year, we believe the business is stronger, our commercial capabilities are broader, and our financial foundation is healthier. We remain focused on achieving Adjusted EBITDA profitability in the fourth quarter and believe the gains we are seeing in margin, operating efficiency and commercial activity continue to support that objective.”
Expanding Revenue Capabilities and Commercial Momentum
Super League completed its acquisition of the Misfits Ads assets on May 1, 2026, and integrated the assets into Super League’s operations without increasing the Company’s overall cost base. The acquisition expands Super League’s programmatic advertising and turnkey media capabilities, adding solutions that require less operational support, are generally higher margin, and have the potential to become more predictable sources of revenue.
The Company recently launched its Youth and Family Marketplace, providing advertisers with a single point of access to kid-safe media across gaming channels through both programmatic buying and Super League’s managed-services team. The offering advances the revenue diversification strategy behind the Misfits Ads acquisition and expands the range of advertiser objectives the Company can address across gaming and digital media.
Super League also upgraded its commercial organization during and following the second quarter, adding new revenue leadership and experienced sales talent across key U.S. advertising markets, while maintaining headcount at approximately pre-transaction levels. As of July 31, weighted pipeline per seller for opportunities through year-end was approximately
Continued Financial Strength
Super League ended Q2 with approximately
Together with the elimination of the Company’s debt in 2025 and continued discipline around operating expenses, these actions have significantly strengthened Super League’s financial foundation. The Company continues to believe its existing liquidity is sufficient to fund ongoing operations for the foreseeable future and does not anticipate needing to raise additional capital to support the operating business.
The Company will host a webinar at 8:30 am Eastern Daylight Time today, August 14, 2026, to discuss financial results, provide a corporate update and end with a question-and-answer session. To participate, please use the following information.
Super League Second Quarter 2026 Earnings Webinar
| Date: | Friday, August 14, 2026 |
| Time: | 8:30 am Eastern Time |
| Dial-in: | 1-877-407-0779 |
| International Dial-in: | 1-201-389-0914 |
| Webinar: | Register Here |
A replay will be available within 24 hours after the webinar and can be accessed here or on the Company’s investor relations website at https://ir.superleague.com/.
For any questions related to the Company’s second quarter 2026 financial results, please contact abrosey@intelligentiratx.com.
About Super League
Super League (Nasdaq: SLE) connects brands with the 3.5 billion-person global gaming population through advertising and branded content programs across gaming and digital media platforms. The Company generates revenue by delivering these programs through proprietary interactive formats, creator content, immersive experiences, data-driven insights, and strategic campaign services designed to improve marketing performance. By translating player behavior into actionable intelligence, Super League serves as a trusted partner helping brands reach and influence consumers who play video games. With a deep understanding of this highly engaged yet under-monetized audience, Super League is positioned to capture an increasing share of brand advertising spend as the market evolves.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.
Forward Looking Statements can be identified by words such as “anticipate,” “intend,” "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Forward-looking statements include all statements other than statements of historical fact, including, without limitation, all statements regarding the private placement, including expected proceeds, Super League’s ability to maintain compliance with the Listing Rules of the Nasdaq Capital Market, statements regarding expected operating results and financial performance (including the Company’s commitment to and ability to achieve Adjusted EBITDA-positive results in Q4), strategic transactions and partnerships, and capital structure, liquidity, and financing activities. These statements are based on current expectations, estimates, forecasts, and projections about the industry and markets in which the Company operates, management’s current beliefs, and certain assumptions made by the Company, all of which are subject to change.
Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that are difficult to predict, and that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Important factors include, but are not limited to: the Company’s ability to adequately utilize the funds received recent financings; the Company’s ability to execute on cost reduction initiatives and strategic transactions; customer demand and adoption trends; the timing, outcome, and enforceability of any patent applications; the ability to successfully integrate new technologies and partnerships; platform, regulatory, macroeconomic and market conditions; the Company’s ability to maintain compliance with Nasdaq Capital Market continued listing standards; access to, and the cost of, capital; and the other risks and uncertainties described in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal years ended December 31, 2025, the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, and other filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
Investor Relations Contact:
Allan Rosenthal
Intelligent IR ATX
abrosey@intelligentiratx.com
SUPER LEAGUE ENTERPRISE, INC.
CONDENSED BALANCE SHEETS
(In U.S. dollars, rounded to the nearest thousands, except share and per share data)
(UNAUDITED)
SUPER LEAGUE ENTERPRISE, INC.
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 AND 2025
(In U.S. dollars, rounded to the nearest thousands, except share and per share data)
(UNAUDITED)
SUPER LEAGUE ENTERPRISE, INC.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 AND 2025
(In U.S. dollars, rounded to the nearest thousands, except share and per share data)
(UNAUDITED)
SUPER LEAGUE ENTERPRISE, INC.
Reconciliation of Net Loss to Net Loss Attributable to Common Stockholders
(Numerator in loss per share calculation)
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 AND 2025
(In U.S. dollars, rounded to the nearest thousands, except share and per share data)
(UNAUDITED)
SUPER LEAGUE ENTERPRISE, INC.
CONDENSED STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 30, 2026 AND 2025
(In U.S. dollars, rounded to the nearest thousands, except share and per share data)
(UNAUDITED)
Tables accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/1ab7b1ea-5e71-4cc2-8cc0-5c47e696352f
https://www.globenewswire.com/NewsRoom/AttachmentNg/f11d823b-3760-4a31-9064-9e5470be0c25
https://www.globenewswire.com/NewsRoom/AttachmentNg/1495e0ee-0c59-4873-8081-8771de74d4fe
https://www.globenewswire.com/NewsRoom/AttachmentNg/b91e9a70-1edb-470e-b6a9-49842aa518fb
https://www.globenewswire.com/NewsRoom/AttachmentNg/43fc7bfc-2380-4397-b3f8-2d41e415cd36
