Business
Super League Gaming Reports Record First Quarter 2022 Results
Revenue Up 378% Year-Over-Year to $3.8 Million Company Secures an Additional $4.0 million in Financing to Support 2022 Growth SANTA MONICA, Calif., May 16,
About this update from Super League Enterprise, Inc.
[{"type":"text","content":"Revenue Up 378% Year-Over-Year to $3.8 Million Company Secures an Additional $4.0 million in Financing to Support 2022 Growth SANTA MONICA, Calif., May 16, 2022 (GLOBE NEWSWIRE) -- Super League Gaming (Super League or the Company) (Nasdaq: SLGG), a leading network of metaverse games, monetization tools, and content channels, reported financial results and recent operational developments for the first quarter ended March 31, 2022. Financial Highlights and Recent Operational Developments Delivered first quarter 2022 revenues of $3.8 million, up 378% compared to the first quarter of 2021, with increases in all primary revenue streams.Generated close to 1 billion monthly impressions in the first quarter reaching over 70 million monthly players through the Company’s metaverse gaming network.Announced a partnership with iHeartMedia, the leading audio company in America, to enhance the Company’s reseller sales efforts by leveraging iHeart’s massive North American sales force to bring Super League’s ad inventory and influencer network to brands looking to gain entry to the metaverse.Executed a fully integrated campaign in partnership with Paramount to celebrate the milestone 300th episode of the network’s popular MTV’s Wild ‘N Out television show inclusive of custom gameplay experiences, influencer amplification, and a livestream freestyle rap broadcast.Expanded innovative ad inventory with a 3D interactive, in-game ad unit designed to increase measurable impressions and player engagement in an organic way launching with DreamWorks Animation to promote their new feature film, The Bad Guys.Closed an additional $4.0 million in financing that together with earlier announced financing facilities provides the Company with the ability to deliver against the 2022 growth strategy. Management Commentary “The momentum from our record-setting year in 2021 certainly continued into the first quarter of 2022,” said Ann Hand, CEO of Super League Gaming. “Our financial and operational results for the quarter are indicative of the tremendous progress we have made over the last year to strengthen our leadership position in metaverse gaming and related content. We believe our 360-degree solution to introduce advertisers to our engaged gamer communities is highly compelling for brands looking to reach the elusive Gen Z audience and deliver maximum campaign...