Super League Q2 adjusted EBITDA loss narrows as margins expand

Super League Enterprise

14/08/2026 12:48

Overview
US gaming media platform's Q2 net revenue rose 16% sequentially, while gross margin improved
Adjusted EBITDA loss for Q2 improved about 20% year-over-year
Company integrated Misfits Ads assets and expanded commercial capabilities without raising costs

Outlook
Company aims to achieve Adjusted EBITDA profitability in Q4 2026
Super League says weighted sales pipeline per seller for year-end opportunities rose 57% as of July 31
Company expects existing liquidity to be sufficient for ongoing operations

Result Drivers
REVENUE MIX AND DELIVERY - Co said higher net revenue and gross margin reflected progress in quality and economics of its revenue mix and delivery model
MISFITS ADS INTEGRATION - Co said integration of Misfits Ads assets expanded programmatic and turnkey media capabilities without raising overall costs
COMMERCIAL ORGANIZATION UPGRADES - Co said upgrades to commercial organization and new sales leadership contributed to a 57% increase in weighted pipeline per seller

Company press release: ID:nGNX39K9XZ

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Gross Revenue
 
$3 mln
 
Q2 Net Revenue
 
$1.24 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for Super League Enterprise Inc is $14.50, about 331.5% above its August 13 closing price of $3.36

Reuters Recommended Reads
Aug 13 - VerticalScope Q2 revenue sees sequential rise, beating estimates as monthly users jump; adj EBITDA rises on AI-driven cost cuts
Aug 12 - Direct Digital Q2 revenue falls on lower DSP spending
Aug 12 - Canada's Enthusiast Gaming Q2 adj EBITDA more than doubles

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)