Esports Entertainment Q3 Sales $4.20M Miss $9.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
Esports Entertainment (NASDAQ:GMBL) reported Q3 sales of $4.20 million, missing the analyst consensus estimate of $9.55 million by 56.02% and marking a 73.25% decrease from the same period last year.

May 22, 2023 | 8:36 pm
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NEGATIVE IMPACT
Esports Entertainment's Q3 sales of $4.20 million missed analyst estimates by 56.02% and decreased 73.25% YoY.
Esports Entertainment's Q3 sales significantly missed analyst estimates and showed a substantial decrease from the same period last year. This negative performance is likely to have a short-term negative impact on the stock price as investors may lose confidence in the company's ability to generate revenue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100