Super League Enterprise, Inc. SLE shares are trading higher in Tuesday’s after-hours session on the heels of the company’s third-quarter earnings results. Here’s why the stock is moving.
What To Know: Super League Enterprise reported a quarterly loss of $1.16 per share, which topped the analyst consensus estimate of loss of $1.69, compared to a loss of $3.20 per share from the same period last year.
The company clocked a revenue of $7.20 million, beating the Street’s expectations of $6.62 million, a 59.61% increase over sales of $4.51 million in the same period last year.
Super League Enterprise highlighted that media and advertising revenue increased 24% to $2.9 million, compared to $2.3 million in the same period last year. The figure made up 40% of the total third-quarter revenue.
The company also stated it sees $9 million in revenues at the midpoint of the fourth quarter.
“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,” said CEO Ann Hand.
“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.”
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SLE Price Action: Shares of SLE were up 7.56% at $1.42 in the after-hours session at the time of publication, according to Benzinga Pro.
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