FINWIRES · TerminalLIVE
FINWIRES

Enthusiast Gaming Q4 Net Loss Narrows

By

Enthusiast Gaming Holdings (EGLX.TO) on Tuesday reported a narrowed net loss in the fourth quarter of fiscal year 2025.

For the three months ended Dec. 31, 2025, the company reported net loss of $6.0 million or net loss per basic and diluted share of $0.04, compared with $83.6 million or $0.54 loss per share, a year-ago, primarily due to the decrease in Q4 2025 goodwill and intangible asset impairment charges of $81.9 million.

Revenue decreased to $8.9 million in the quarter compared with $10.6 million in Q4 2024, with the majority of the decline being attributable to a reduction in the number of low-margin third-party network websites represented by the company for web programmatic inventory as a result of its decision to focus on developing its owned and operated websites.

"We delivered record Adjusted EBITDA of $2.4 million in the quarter, the highest in company history by a wide margin, alongside an Adjusted EBITDA margin of approximately 27%," said Enthusiast Gaming Chief Executive Alex Macdonald. "Importantly, this level of profitability was achieved while directing a significant portion of our spend toward R&D and future growth, underscoring the quality of the earnings we delivered."

"These results were also achieved despite a muted advertising backdrop and were accompanied by gains in working capital and cash," Macdonald added.

The company also announced that Sara Slane tendered her resignation from its board of directors.

Shares of the company closed up 16% to $0.035 on Monday on the Toronto Stock Exchange.

Related Articles

Mining & Metals

Emerita Resources Receives Unsolicited, Non-binding Takeover Offer From Denarius Metals

Emerita Resources (EMO.V) after trade Monday confirmed it received an unsolicited takeover offer from Denarius Metals to acquire all of its shares at a 15% premium to their April 10 closing price, with consideration structured entirely in Denarius shares.The company said Denarius has not provided additional terms in its offer letter, stating only that it is open to discussions with Emerita and has now publicly disclosed the offer.Emerita said its board, with its advisors, will review the proposal and decide what is in the best interest of the company and its shareholders. Shareholders do not need to take any action at this time."Emerita cautions its shareholders and potential investors that the offer letter is non-binding and there can be no certainty that Denarius' offer or any other strategic transaction will be pursued by Emerita, supported by the board or ultimately completed," the company said, adding that it will provide updates as needed.The company's shares closed up $0.06 to $0.32 on the TSX Venture Exchange

$EMO.V
Mining & Metals

NorthWest Copper Brief: Raising C$10 Million in a Best-Efforts Private Placement of Common Share Units, Charity Flow-Through Units and Flow-Through Shares

$NWST.V
Mining & Metals

AGF Management Names John Porter Chief Investment Officer

AGF Management (AGF-B.TO) after trade Monday said John Porter will become chief investment officer starting May 1.As CIO, Porter will lead the firm's investment team, set strategy, and focus on performance and risk management. He will report to Chief Executive Judy Goldring and join the executive management team, the company said."We are confident his leadership will unlock new opportunities, strengthen collaboration across our investment teams, and position AGF Investments for its next phase of growth," Goldring said.Porter most recently served as CIO at Newton Investment Management, part of BNY Investments. He previously held senior roles in equity investing and U.S. growth strategies after joining the firm in 2016, according to the statement.The company's shares closed up $0.19 to $20.02 on the Toronto Stock Exchange.

$AGF-B.TO