Allied Gaming & Entertainment Inc. SEC 10-Q Report

Allied Gaming & Entertainment Inc., a prominent player in the esports, casual mobile gaming, and live concert promotion industries, has released its Form 10-Q report for the first quarter of 2025. The report provides a detailed overview of the company's financial performance and operational highlights, reflecting both challenges and strategic initiatives aimed at future growth.

Financial Highlights

Total Revenues: $2.3 million, a decrease of $0.1 million compared to the same period last year due to a decline in casual mobile gaming revenue.

Loss From Operations: $(5.3) million, an increase of $2.6 million compared to the same period last year, primarily due to higher general and administrative expenses.

Net Loss: $(4.9) million, an increase of $3.1 million compared to the same period last year, driven by increased legal and professional fees.

Net Loss Attributable to Common Stockholders: $(4.8) million, reflecting a higher loss compared to the previous year.

Basic and Diluted Net Loss per Common Share: $(0.11), compared to $(0.04) in the same period last year, indicating a larger loss per share.

Business Highlights

Revenue Segments

The company operates through three main segments: Esports, Casual Mobile Gaming, and Live Concert Promotion. The Esports segment includes video game events and tournaments, while the Casual Mobile Gaming segment focuses on mobile games. The Live Concert Promotion segment is involved in organizing live entertainment events.

Geographical Performance

The company's operations are divided between the United States and China. For the three months ended March 31, 2025, the United States contributed approximately $1.7 million in revenue, while China contributed approximately $0.6 million. This indicates a strong presence in both regions, with a notable contribution from the U.S. market.

Sales Units

The Esports segment reported in-person revenue of approximately $1.7 million, driven by higher revenue from arena events. The Casual Mobile Gaming segment reported revenue of approximately $0.6 million, reflecting a decrease due to market contraction and increased competition.

Future Outlook

The company plans to continue expanding its marketing efforts and operations in existing and new geographies, as well as new vertical markets such as live influencer events, top artist events and concerts, experiential entertainment, casual mobile gaming, live streaming platforms, and online esports tournament platforms. This expansion is expected to provide attractive returns on investment.

SEC Filing: Allied Gaming & Entertainment Inc. [ AGAE ] - 10-Q - Jul. 07, 2025