casinosnewshubb
Advertisement
  • Home
  • Casino News
  • Gambling
  • Online Casino
  • Contact
No Result
View All Result
  • Home
  • Casino News
  • Gambling
  • Online Casino
  • Contact
No Result
View All Result
casinosnewshubb
No Result
View All Result
Home Gambling

ESE Entertainment reports huge revenue rise for Q2

admin by admin
July 7, 2022
in Gambling



ESE Entertainment has published its financial results and operational updates for Q2 2022, reporting record growth in revenue and positive adjusted EBITDA.

Revenue for the quarter stood at $15m, a 1,994% increase from the $0.72m in Q2 2021. Gross profit saw a 2,748% increase for the quarter, rising from $0.13m to $3.82m.

Adjusted EBITDA stood at $884,751 for Q2 2022, compared to an adjusted EBITDA loss of $832,195 for Q2 2021. Total assets as of 30 April 2022 stood at $38m, an increase from the $15.9m figure from the previous year.

ESE CEO Konrad Wasiela said: “Our team’s relentless work ethic, alongside a strategic business plan, yielded a successful first half of 2022. We are now setting our sights on following up the tremendous start to the year with even stronger quarters ahead.”

Operational highlights included the complete integration of the newly acquired Gameaddik business unit, record sales growth with both new and major clients and the employment of new staff to support the company’s ongoing growth.

ESE COO Eric Jodoin said: “Q2 has been an exciting ride for us, seeing our progress snowball on key strategic pillars such as hiring new talent and growth programs for employees, along with strengthening the relationship with major clients.”

ESE went on to detail its corporate goals for the remainder of 2022, with staff acquisition, including senior management and advisors, a primary focus. Additionally, the company is looking to further improve its financial performance and continue to grow the business on a global scale.

In June 2022, ESE entered a memorandum of agreement with Dome Productions, signing a three-year deal through which the two will collaborate on a range of broadcast and event projects.



Source link

Tags: egamingGambling IndustryGambling Insiderigaming
Previous Post

Bragg Gaming launches Spin Games RGS in Connecticut

Next Post

Gambling White Paper expected to focus on online slots and casinos

Next Post

Gambling White Paper expected to focus on online slots and casinos

Recommended Post

Casino News

Illegal Gaming Operation Raided in Southern California, Cash Seized

August 13, 2022
Casino News

Robert Lewandowski looks to Revive & Rebuild Barcelona F. C.

August 13, 2022
Gambling

AskGamblers adds new responsible gambling feature for greater transparency

August 13, 2022
Gambling

N1 Partners Group sees a new Mystery Drops winner of a MEGA $56K prize at Slot Hunter

August 13, 2022

© 2022 Casinos News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy

Navigate Site

  • Home
  • Casino News
  • Gambling
  • Online Casino
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Casino News
  • Gambling
  • Online Casino
  • Contact

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In