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Enthusiast Gaming Holdings Inc. (OTCQB: ENGMF) has announced a strategic partnership with ESPAT TV to produce premium gaming and esports content. This collaboration aims to leverage Enthusiast's vast audience of over 300 million gamers globally, focusing on GenZ and Millennial demographics. The partnership will enhance storytelling capabilities across various platforms, bringing innovative content to the gaming community. Enthusiast Gaming operates several successful ventures, including esports teams and content platforms, emphasizing its leadership in the gaming industry.
Enthusiast Gaming announced robust Q4 2020 results with revenue of $42.5 million, a 34% increase from Q3. Direct sales surged 230% to $3.3 million, and revenue per viewer doubled to $0.52. The company reported a net loss of $6.9 million, improving from a loss of $8.0 million in Q3. Key achievements include a 60% rise in paid subscribers and significant partnerships with Samsung and TikTok. The company aims for at least 20% revenue growth in 2021 and is advancing its NASDAQ listing.
Enthusiast Gaming Holdings (OTCQB: ENGMF) has announced a partnership with TikTok to enhance fan engagement across diverse platforms. This collaboration aims to integrate TikTok into the gaming industry by leveraging Enthusiast's reach of over 300 million monthly gaming enthusiasts. The deal builds on the success of their prior collaboration at the EGLX Digital 2020 expo, which attracted 12 million views. Planned activations include promotional content across Enthusiast’s media properties and Luminosity Gaming influencers.
Enthusiast Gaming has announced its acquisition of Vedatis SAS, owners of gaming community Icy Veins, for €7 million (approx. US$8.3 million) in cash and stock. The acquisition is expected to close in Q2 2021 and is anticipated to be immediately accretive, unlocking additional revenue streams and margin expansion opportunities. Since 2017, Enthusiast Gaming has monetized Icy Veins, which generates significant advertising revenue. This acquisition will raise Enthusiast's owned web properties to 44%, allowing them to retain all advertising revenues and further capitalize on their gaming audience.
Enthusiast Gaming Holdings Inc. (TSX: EGLX)(OTCQB: ENGMF) is set to release its financial results for the fourth quarter and full year ending December 31, 2020, on March 22, 2021, post-market close. The largest gaming platform in North America, reaching over 300 million monthly video game and esports fans, will host a conference call at 5:00 p.m. ET on the same day to discuss these results. Investors can access the live webcast on the company's website or join the call using the provided numbers.
Enthusiast Gaming reported unprecedented success at its latest virtual event, Pocket Gamer Connects Digital #5, attracting over 1,500 delegates from 800+ companies across 71 countries. The event featured 250+ speakers and facilitated over 3,300 meetings, reflecting Enthusiast's strength in the mobile gaming sector. Comscore ranked the company #1 in unique visitor traffic for mobile content in the U.S. This milestone underscores Enthusiast Gaming’s influence and growth potential, with PGC #6 scheduled for April 19-23, 2021.
Enthusiast Gaming Holdings (OTCQB: ENGMF) is launching a new esports publication named Upcomer, merging content from Upcomer and Daily Esports. Set for a spring release, it aims to enhance esports fan engagement by offering news, features, video content, betting odds, and community interactions. Led by Sean Morrison, former ESPN editor, Upcomer will cater to the needs of the growing esports community, with 52% of fans indicating interest in esports betting. The platform targets 300 million monthly users globally.
Enthusiast Gaming Holdings has announced exclusive monetization agreements with nine leading video game fan communities, adding over 250 million monthly views to its platform. The Company, reached by over 300 million gaming fans globally, aims to monetize this traffic through advertising and explore additional revenue streams like subscriptions and merchandise. Enthusiast Gaming continues to solidify its position as the largest gaming platform in North America, enhancing its diverse offerings in esports, content, talent, and entertainment.
Enthusiast Gaming, along with the National Hockey League and the Biden-Harris 2020 Campaign, discussed the impact of gaming and digital media on culture at the Canadian Club Toronto. The global video game industry exceeds US$150 billion, outpacing film and music combined. Industry leaders, including Adrian Montgomery (CEO, Enthusiast Gaming), highlighted the power of gaming to engage younger demographics like Gen Z and Millennials. Enthusiast Gaming reaches over 300 million enthusiasts monthly through its comprehensive gaming platform, comprising esports, content, talent, and entertainment.
