$SLE.US
🎮 Super League Improves Margins as Gaming Ad Business Gains Momentum
Super League Enterprise reported second-quarter results showing continued improvement in its operating profile. Net revenue increased 16% sequentially to approximately $1.24 million, while gross margin expanded to 41% from 36% in the first quarter. Adjusted EBITDA loss also improved about 20% year over year to roughly $1.7 million.
The company’s commercial pipeline strengthened after integrating the Misfits Ads assets without increasing its overall cost base. As of July 31, weighted pipeline per seller for opportunities through year-end reached approximately $2.8 million, up 57% from the post-Q1 level. Super League also ended the quarter with about $6.7 million in cash and investments and no remaining preferred shares.
🎮 Super League Improves Margins as Gaming Ad Business Gains Momentum
Super League Enterprise reported second-quarter results showing continued improvement in its operating profile. Net revenue increased 16% sequentially to approximately $1.24 million, while gross margin expanded to 41% from 36% in the first quarter. Adjusted EBITDA loss also improved about 20% year over year to roughly $1.7 million.
The company’s commercial pipeline strengthened after integrating the Misfits Ads assets without increasing its overall cost base. As of July 31, weighted pipeline per seller for opportunities through year-end reached approximately $2.8 million, up 57% from the post-Q1 level. Super League also ended the quarter with about $6.7 million in cash and investments and no remaining preferred shares.