Allied Gaming & Entertainment Announces Fourth Quarter and Full Year 2023 Financial Results
Retrieved on:
Wednesday, March 27, 2024
Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) (the “Company” or “AGAE”), a global experiential entertainment company, today announced financial results for the fourth quarter and full year ended December 31, 2023.
Key Points:
- Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) (the “Company” or “AGAE”), a global experiential entertainment company, today announced financial results for the fourth quarter and full year ended December 31, 2023.
- Revenues: Total revenues of $2.1 million increased 70% for the fourth quarter of 2023 compared to the fourth quarter of 2022.
- Costs and expenses: Total costs and expenses for the fourth quarter of 2023 were $4.0 million, a slight increase of 2% compared to the fourth quarter of 2022.
- Adjusted EBITDA loss was $1.2 million for the fourth quarter of 2023 compared to a loss of $1.7 million in the fourth quarter of 2022.