Enthusiast Gaming (EGLX) investor relations material

Executive summary

• Achieved fourth consecutive quarter of positive Adjusted EBITDA, reaching $0.7 million in Q2 2026, more than doubling year-over-year, and $5.1 million in trailing twelve-month Adjusted EBITDA.

• Net income was $0.3 million, a significant turnaround from a net loss of $39.1 million in Q2 2025, driven by reduced losses from discontinued operations and lower operating expenses.

• User growth and engagement increased across the core product portfolio, with new features and products aligned to major gaming releases planned for the coming months.

Financial highlights

• Revenue was $6.9 million, down 3% year-over-year from $7.1 million, mainly due to lower subscription revenue.

• Gross profit was $6.2 million, a 2% decrease from $6.3 million, but gross margin improved to 89% from 88%.

• Adjusted EBITDA from discontinued operations was $0.8 million, compared to a loss of $1.5 million in Q2 2025.

• Cost of sales remained flat at $0.8 million year-over-year.

Outlook and guidance

• Seasonal trends expected to be favorable in the second half, with Q4 and Q1 historically being the strongest quarters.

• New product development cycle underway, focusing on core properties and leveraging AI to accelerate innovation.