Super League Announces Third Quarter 2023 Financial Results
14 Novembre 2023 - 10:47PM
Super League (Nasdaq: SLE), a
global leader in providing immersive experiences across the world's
largest digital social platforms, has released its third quarter
2023 financial results in the form of a shareholder letter. A
webinar hosted by Ann Hand, CEO of Super League, and Clayton
Haynes, CFO of Super League, will be streamed here beginning today
Tuesday, November 14, 2023 at 5:00 PM Eastern Time to further
discuss the results.
Management Commentary by Chief Executive
Officer, Ann Hand:
“In the third quarter, we continued to validate
the success of our business model and operational strategy,
delivering record quarterly company revenues of $7.2 million, an
increase of 60% year-over-year. Our partnership with Roblox Partner
Programs has supercharged our brand into the digital social
platform world which reaches over half a billion people while
further solidifying Super League as strategists, innovators and
product builders to connect brands to the next generation through
immersive experiences and media. This augmented reach combined with
our end-to-end solution is proving that we can take an increasingly
greater share of advertisers’ wallets with our customers
continuously coming back to work with us. Furthermore, as one of
the most impactful examples that our business model is working, we
recently landed the largest deal in our history, valued at nearly
$4 million across multiple quarters.
Looking ahead to Q4, and on the heels of our
largest deal ever, we already have line of sight on at least $9
million in revenues at the midpoint of the quarter. We remain
confident in our operating strategy and the lucrative long-term
opportunity in the space which is visible in our robust pipeline as
we keep an eye towards achieving profitability in 2024.”
The webinar may also be accessed by dialing
877-407-0779 or 201-389-0914 (International). A replay of the
webinar will be available on Super League’s investor relations
website and can also be accessed here.
For any questions related to the Company’s third
quarter 2023 financial results or shareholder letter, please
contact SLE@mzgroup.us.
About Super League
Super League (Nasdaq: SLE) is a leading
strategically-integrated publisher and creator of games and
experiences across the world’s largest immersive digital platforms.
From metaverse gaming powerhouses such as Roblox, Minecraft and
Fortnite, to the most popular Web3 environments such as Sandbox and
Decentraland, to bespoke worlds built using the most advanced 3D
creation tools, Super League’s innovative solutions provide
incomparable access to massive audiences who gather in immersive
digital spaces to socialize, play, explore, collaborate, shop,
learn and create. As a true end-to-end activation partner for
dozens of global brands, Super League offers a complete range of
development, distribution, monetization and optimization
capabilities designed to engage users through dynamic, energized
programs. As an originator of new experiences fueled by a network
of top developers, a comprehensive set of proprietary creator tools
and a future-forward team of creative professionals, Super League
accelerates IP and audience success within the fastest growing
sector of the media industry. For more, go to superleague.com.
Forward-Looking Statements
Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995. Statements in this press
release that are not strictly historical are “forward-looking”
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements involve substantial risks,
uncertainties and assumptions that could cause actual results to
differ materially from those expressed or implied by such
statements. Forward-looking statements in this communication
include, among other things, statements about Super League’s growth
and growth strategies, the ability to actualize the benefits of the
acquisition of Melon, our possible or assumed business strategies,
new products, potential market opportunities and our ability to
secure adequate working capital. Risks and uncertainties include,
among other things, our ability to implement our plans, forecasts
and other expectations with respect to our business; our ability to
realize the anticipated benefits of events that took place during
and subsequent to the quarter ended September 30, 2023, including
the possibility that the expected benefits, particularly from our
acquisitions consummated in 2021 and 2023, will not be realized or
will not be realized within the expected time period; unknown
liabilities that may or may not be within our control; attracting
new customers and maintaining and expanding our existing customer
base; our ability to scale and update our platform to respond to
customers’ needs and rapid technological change; increased
competition in our market and our ability to compete effectively;
and expansion of our operations and increased adoption of our
platform internationally. Additional risks and uncertainties that
could affect our financial condition and operating results will be
included in the section titled “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” in our Annual Report on Form 10-K for the year ended
December 31, 2022 and other filings that we make from time to time
with the Securities and Exchange Commission (the “SEC”) which, once
filed, are available on the SEC’s website at www.sec.gov. In
addition, any forward-looking statements contained in this
communication are based on assumptions that we believe to be
reasonable as of this date. Except as required by law, we assume no
obligation to update these forward-looking statements, or to update
the reasons if actual results differ materially from those
anticipated in the forward-looking statements
Information About Non-GAAP Financial
Measures
As used herein, “GAAP” refers to accounting
principles generally accepted in the United States of America. To
supplement our financial statements included in our annual and
quarterly reports filed with the SEC, which financial statements
are prepared and presented in accordance with GAAP, this earnings
release includes pro forma net loss, a financial measure that is
considered a non-GAAP financial measure as defined in Rule 101 of
Regulation G promulgated by the Securities and Exchange Commission.
Generally, a non-GAAP financial measure is a numerical measure of a
company’s historical or future performance, financial position, or
cash flows that either excludes or includes amounts that are not
normally excluded or included in the most directly comparable
measure calculated and presented in accordance with GAAP. The
presentation of this non-GAAP financial information is not intended
to be considered in isolation or as a substitute for, or superior
to, the financial information prepared and presented in accordance
with GAAP.
Investor Relations
Contact:Shannon Devine/ Mark Schwalenberg MZ North
AmericaMain: 203-741-8811SLE@mzgroup.us
Media ContactGillian
Sheldongillian.sheldon@superleague.com
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