Allied Gaming & Entertainment, Inc. announced its financial results for the second quarter of 2025.
Total revenues were $1.9 million, a 27% decrease compared to the same quarter in 2024.
Net loss for the quarter was $4.8 million, higher than the previous year's $3.9 million loss.
Revenue Decline
Total revenues decreased by 27% primarily due to lower mobile gaming revenues.
Increased Expenses
Costs and expenses increased slightly, with higher legal and professional fees related to a dissident stockholder issue.
Adjusted EBITDA
Adjusted EBITDA loss was $2.1 million in 2025 compared to $1.7 million in 2024.
- The second quarter of 2025 showed challenges for AGAE, including a significant revenue decline and increased legal expenses.
- Despite the obstacles, strategic investments like Angry Birds 3 are expected to enhance future financial performance.
AGAE faces hurdles in the second quarter but remains optimistic about future progress and the impact of strategic investments.