Sector: Technology | Industry: Online Services |
Company Contact | |
Address: | 90 Eglinton Avenue East, Suite 805 TORONTO ON M4P 2Y3 |
Tel: | N/A |
Website: | https://www.enthusiastgaming.com |
IR: | See website |
Key People | ||
Adrian Taylor Montgomery Chairman of the Board, Interim Chief Executive Officer | Felicia DellaFortuna Chief Financial Officer | Tara Fournier Chief People Officer | J.B. Elliott Senior Vice President, General Counsel |
Business Overview |
Enthusiast Gaming Holdings Inc. is a Canada-based gaming media and entertainment company. The Company's principal business activities are comprised of media and content, entertainment and esports. The Company's digital media platform includes video gaming related websites, YouTube channels and a library of casual games. The Company's esports division, Luminosity Gaming Inc. (Luminosity), is a global esports franchise that consists of professional esports teams under ownership and management, including the Vancouver Titans Overwatch team and the Seattle Surge Call of Duty team. The Company's entertainment business owns and operates a mobile gaming event in Europe, Pocket Gamer Connects. Its subsidiaries include GameCo Esports Canada Inc., GameCo eSports USA Inc., Luminosity Gaming Inc., Luminosity Gaming (USA) LLC, Enthusiast Gaming Properties Inc., Enthusiast Gaming Inc., Enthusiast Gaming Live Inc., Enthusiast Gaming Media (US) Inc., TeachMe, Inc., Outplayed, Inc. and others. |
Financial Overview |
For the fiscal year ended 31 December 2023, Enthusiast Gaming Holdings Inc revenues decreased 12% to C$178.2M. Net loss increased 53% to C$117.7M. Revenues reflect Media segment decrease of 14% to C$154.8M, United States (Country) segment decrease of 16% to C$146.9M, England and Wales segment decrease of 1% to C$9.7M. Higher net loss reflects Goodwill impairment increase from C$31.3M to C$64.8M (expense). |
Employees: | 183 as of Dec 31, 2023 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $43.09M as of Dec 31, 2023 |
Annual revenue (TTM): | $178.18M as of Dec 31, 2023 |
EBITDA (TTM): | -$24.65M as of Dec 31, 2023 |
Net annual income (TTM): | -$117.67M as of Dec 31, 2023 |
Free cash flow (TTM): | -$2.89M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $16.87M as of Dec 31, 2023 |
Shares outstanding: | 154,393,280 as of Dec 31, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |