Canada's Enthusiast Gaming Q3 net income grows, aided by asset sales

Enthusiast Gaming Holdings

13/11/2025 22:14

Overview

Enthusiast Gaming Q3 revenue declined 32% yr/yr

Company reports Q3 net income of C$7.0 mln, aided by asset sales

Gross margin increased to 86.9% in Q3 2025, up from 68.8% in Q3 2024

Outlook

Company expects seasonal advertising tailwinds to boost Q4 profitability

Enthusiast Gaming plans new product launches over the next 12 months

Company focuses on expanding feature offerings and product relevance

Result Drivers

ASSET SALE - Sale of direct sales business contributed to a net income increase

CORE FOCUS - Shift to focus on owned platforms led to a gross margin increase

USER ENGAGEMENT - Increased user engagement and time spent on platforms drove programmatic advertising growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
C$7.30 mln
C$18.50 mln (1 Analyst)
Q3 Net Income
C$7 mln
Q3 Gross Profit
C$6.40 mln


Press Release: ID:nGNX8mlJnq

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)