Super League Reports Second Quarter 2025 Financial Results
Super League (NASDAQ: SLE), a leader in playable media and gaming experiences, released its Q2 2025 financial results highlighting significant operational improvements. The company achieved a 44% gross margin and reduced pro forma operating costs by 23% year-over-year.
Key developments include reducing 2025 debt service obligations by 90%, expanding partnerships with Meta Stadiums, acquiring Supersocial, and establishing an exclusive relationship with AdArcade. The company launched new initiatives including Rotrends Pro subscription service and brand partnerships with Universal Pictures and Panda Express.
Despite Q2 macro headwinds from tariff uncertainty, Super League expects to achieve Adjusted EBITDA positive results in Q4 2025. The company aims to capitalize on the recently passed GENIUS Act to offer next-generation consumer engagement programs.
Super League (NASDAQ: SLE), leader nei media interattivi e nelle esperienze di gioco, ha pubblicato i risultati finanziari del secondo trimestre 2025 mettendo in luce significativi miglioramenti operativi. La societ脿 ha raggiunto un margine lordo del 44% e ha ridotto i costi operativi pro forma del 23% su base annua.
Tra i punti salienti: una riduzione del servizio del debito per il 2025 del 90%, l'espansione delle partnership con Meta Stadiums, l'acquisizione di Supersocial e l'instaurazione di un rapporto esclusivo con AdArcade. L'azienda ha lanciato nuove iniziative, tra cui il servizio in abbonamento Rotrends Pro e collaborazioni di brand con Universal Pictures e Panda Express.
Nonostante le difficolt脿 macroeconomiche nel secondo trimestre dovute all'incertezza sui dazi, Super League prevede di raggiungere un risultato positivo di EBITDA rettificato nel quarto trimestre 2025. L'azienda punta a sfruttare la recente approvazione del GENIUS Act per proporre programmi di coinvolgimento dei consumatori di nuova generazione.
Super League (NASDAQ: SLE), l铆der en medios jugables y experiencias de juego, public贸 sus resultados financieros del segundo trimestre de 2025 destacando mejoras operativas significativas. La compa帽铆a alcanz贸 un margen bruto del 44% y redujo los costos operativos pro forma en un 23% interanual.
Entre los avances clave figura la reducci贸n de las obligaciones de servicio de la deuda para 2025 en un 90%, la ampliaci贸n de asociaciones con Meta Stadiums, la adquisici贸n de Supersocial y el establecimiento de una relaci贸n exclusiva con AdArcade. La empresa lanz贸 nuevas iniciativas, incluido el servicio de suscripci贸n Rotrends Pro y alianzas de marca con Universal Pictures y Panda Express.
A pesar de los vientos macroecon贸micos adversos en el segundo trimestre por la incertidumbre arancelaria, Super League espera alcanzar un EBITDA ajustado positivo en el cuarto trimestre de 2025. La compa帽铆a pretende aprovechar la aprobaci贸n reciente del GENIUS Act para ofrecer programas de participaci贸n del consumidor de nueva generaci贸n.
Super League (NASDAQ: SLE), 頂岆爤鞚挫柎敫� 氙鸽敂鞏� 氚� 瓴岇瀯 瓴巾棙 攵勳暭鞚� 靹犽弰旮办梾鞚� 2025雲� 2攵勱赴 鞛鞁れ爜鞚� 氚滍憸頃橂┌ 鞖挫榿靸� 鞙犾潣氙疙暅 臧滌劆鞚� 臧曥“頄堨姷雼堧嫟. 須岇偓電� 44%鞚� 齑濎澊鞚惦鞚� 雼劚頄堦碃, 頂勲韽 旮办 鞓侅梾牍勳毄鞚� 鞝勲厔 雽�牍� 23% 臧愳唽鞁涤及鞀惦媹雼�.
欤检殧 靹标臣搿滊姅 2025雲� 攵�毂� 靸來櫂 攵�雼挫潉 90% 臧愳稌頃� 鞝�, Meta Stadiums鞕�鞚� 韺岉姼雱堨嫮 頇曤寑, Supersocial 鞚胳垬 氚� AdArcade鞕�鞚� 霃呾爯 甏�瓿� 靾橂鞚� 韽暔霅╇媹雼�. 霕愴暅 Rotrends Pro 甑弲 靹滊箘鞀� 於滌嫓鞕� Universal Pictures, Panda Express鞕�鞚� 敫岆灉霌� 韺岉姼雱堨嫮 霌� 鞁犼窚 鞚措媹靺旐嫲敫岆ゼ 鞁滌瀾頄堨姷雼堧嫟.
甏�靹� 攵堩檿鞁れ劚鞙茧 鞚疙暅 2攵勱赴 瓯办嫓鞝� 鞐拲鞐愲弰 攵堦惮頃橁碃 Super League電� 2025雲� 4攵勱赴鞐� 臁办爼 EBITDA 頋戩瀽 鞝勴櫂鞚� 雼劚頃� 瓴冹溂搿� 鞓堨儊頃╇媹雼�. 須岇偓電� 斓滉芳 韱店臣霅� GENIUS 氩曥晥鞚� 頇滌毄頃� 彀劯雽� 靻岆箘鞛� 彀胳棳 頂勲攴鸽灗鞚� 鞝滉车頃� 瓿勴殟鞛呺媹雼�.
Super League (NASDAQ: SLE), leader dans les m茅dias jouables et les exp茅riences de jeu, a publi茅 ses r茅sultats financiers du deuxi猫me trimestre 2025, mettant en avant des am茅liorations op茅rationnelles significatives. La soci茅t茅 a atteint une marge brute de 44% et r茅duit ses co没ts op茅rationnels pro forma de 23% en glissement annuel.
Parmi les faits marquants : une r茅duction des obligations de service de la dette pour 2025 de 90%, l'茅largissement des partenariats avec Meta Stadiums, l'acquisition de Supersocial et l'茅tablissement d'une relation exclusive avec AdArcade. L'entreprise a lanc茅 de nouvelles initiatives, notamment le service d'abonnement Rotrends Pro et des partenariats de marque avec Universal Pictures et Panda Express.
Malgr茅 des vents contraires macro茅conomiques au T2 dus 脿 l'incertitude sur les tarifs douaniers, Super League pr茅voit d'atteindre un EBITDA ajust茅 positif au quatri猫me trimestre 2025. La soci茅t茅 entend tirer parti du GENIUS Act r茅cemment adopt茅 pour proposer des programmes d'engagement consommateur de nouvelle g茅n茅ration.
Super League (NASDAQ: SLE), ein f眉hrendes Unternehmen f眉r spielbare Medien und Gaming-Erlebnisse, ver枚ffentlichte die Finanzergebnisse f眉r das zweite Quartal 2025 und hob dabei deutliche operative Verbesserungen hervor. Das Unternehmen erzielte eine Bruttomarge von 44% und senkte die Pro-forma-Betriebskosten um 23% im Jahresvergleich.
Zu den wichtigsten Entwicklungen z盲hlen die Reduzierung der Schuldendienstverpflichtungen f眉r 2025 um 90%, die Ausweitung der Partnerschaften mit Meta Stadiums, die 脺bernahme von Supersocial und die Etablierung einer exklusiven Zusammenarbeit mit AdArcade. Das Unternehmen startete neue Initiativen wie den Abonnementdienst Rotrends Pro sowie Markenpartnerschaften mit Universal Pictures und Panda Express.
Trotz makro枚konomischer Gegenwinde im zweiten Quartal durch Zollunsicherheiten erwartet Super League, im vierten Quartal 2025 ein bereinigtes EBITDA-positives Ergebnis zu erreichen. Das Unternehmen will das k眉rzlich verabschiedete GENIUS Act nutzen, um Programme f眉r Verbrauchereinbindung der n盲chsten Generation anzubieten.
- Gross margin improved to 44% year-over-year
- Reduced 2025 debt service obligations by 90%
- Achieved 23% year-over-year reduction in pro forma operating costs
- Strategic expansion through Supersocial acquisition and AdArcade partnership
- New revenue streams through Meta Stadiums partnership and Rotrends Pro subscription launch
- Experienced macro headwinds due to tariff uncertainty in Q2
- Still not EBITDA positive, though projected for Q4
Insights
Super League reports improving margins and cost cuts, aiming for Q4 profitability despite revenue challenges amid strategic repositioning.
Super League's Q2 2025 results reveal a company in transition, making strategic moves to reach profitability while navigating market challenges. The
The financial restructuring stands out as particularly significant, with a
Revenue diversification efforts through new partnerships with Meta Stadiums, Supersocial acquisition, and the AdArcade exclusive relationship demonstrate management's attempt to build multiple growth avenues beyond their core business. The launch of Rotrends Pro subscription service further supports this strategy, potentially adding recurring revenue streams to stabilize future performance.
The macro headwinds referenced regarding "tariff uncertainty" suggest some revenue challenges during the quarter, though specific revenue figures weren't disclosed. This omission raises questions about top-line performance. The company's positioning around the newly passed "GENIUS Act" related to stablecoins indicates exploration of blockchain/cryptocurrency integration into their consumer engagement offerings, though specific implementation plans remain undefined.
While management presents an optimistic outlook, the absence of concrete revenue and profitability metrics in this release makes it difficult to fully assess their progress toward sustainable financial health beyond the margin improvements and cost reductions highlighted.
~ Q2 Gross Margin Expansion, Cost Reductions, Strategic Transactions, and Diversified Revenue Initiatives Could Position Super League to Achieve Adjusted EBITDA Positive in Q4 ~
~ Company Advances Key Financial Initiatives and Broadens Revenue Mix ~
SANTA MONICA, Calif., Aug. 14, 2025 (GLOBE NEWSWIRE) -- (Nasdaq: SLE), a leader in engaging audiences through playable media, content, and experiences within mobile games and the world鈥檚 largest immersive platforms, today released second quarter 2025 financial results.
Super League Chief Executive Officer, Matt Edelman Commented:
鈥淥ur second quarter marked a pivotal step forward for Super League as we streamlined our operations, executed key financial transactions, launched innovative partnerships, and re-aligned the company鈥檚 focus toward reaching sustainable profitability. Our conviction in the long-term growth opportunity at the intersection of interactive entertainment and playable media remains unwavering, and we continue to position Super League at the forefront of this inspiring, dynamic space.
We think of play as a state of mind and body that is central to our mission. While playing, people are engaged mentally and physically, emotionally connected, aspirational, and deeply focused. Our research shows that there are more than 5 billion people in the world who play, with 3.32 billion playing video games. The opportunity for brands to connect with passionate, attentive audiences is immense.
Our first-to-market programs in partnership with companies such as Universal Pictures and Panda Express and The Many on Roblox and Fortnite Creative demonstrate how we鈥檙e driving measurable brand engagement through immersive, cross-platform activations. Our expanded partnership with Meta Stadiums through their AI-powered TikTok creator monetization platform stands to unlock a powerful new revenue stream. Through the acquisition of Supersocial, we bolstered our brand portfolio. Moving into an exclusive relationship with AdArcade to bring their patented playable ad format across the entire US mobile gaming footprint, coupled with the launch of our Rotrends Pro subscription service, reinforces our revenue diversification strategy.
Financially, we鈥檝e made significant progress in strengthening our capital structure, reducing our 2025 debt service obligations by
The Company will host a webinar at 5:00 p.m. Eastern Time today, August 14, 2025, to discuss financial results, provide a corporate update and end with a question-and-answer session. To participate, please use the following information.
Super League Second Quarter 2025 Earnings Webinar
| Date: | August 14, 2025 |
| Time: | 5:00 pm Eastern Time |
| Dial-in: | 1-877-407-0779 |
| International Dial-in: | 1-201-389-0914 |
| Webinar: |
A replay will be available within 24 hours after the webinar and can be accessed 听or on the Company鈥檚 investor relations website at .
For any questions related to the Company鈥檚 second quarter 2025 financial results, please contact .
About Super League
Super League (Nasdaq: SLE) is transforming how brands engage with consumers through the power of playable media. The company delivers ads, content, and immersive experiences that go beyond being seen, they鈥檙e played, felt, and remembered across mobile games and the world鈥檚 largest immersive gaming platforms. Powered by proprietary technology, an award-winning development studio, and a vast network of native creators, Super League offers a unique partnership for brands seeking to stand out culturally, inspire loyalty, and drive meaningful impact. In an attention-driven world, Super League makes brands relevant by making them playable. For more information, visit听.
Forward-Looking Statements
This press release contains "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, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.
Forward Looking Statements can be identified by words such as 鈥渁nticipate,鈥� 鈥渋ntend,鈥� "plan,""goal,""seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Forward-looking statements include all statements other than statements of historical fact, including statements regarding expected operating results and financial performance (including the Company鈥檚 commitment to and ability to achieve Adjusted EBITDA-positive results in Q4), strategic transactions and partnerships (including the anticipated benefits of the Company鈥檚 relationships with Meta Stadiums, AdArcade, and the acquisition of Supersocial), product development and monetization initiatives (including the AI-powered TikTok creator monetization platform and Rotrends Pro), potential patent outcomes and integration (including with respect to the playable ad format), market opportunities and legislative or regulatory developments (including the potential effects of the GENIUS Act), and capital structure, liquidity, and financing activities. These statements are based on current expectations, estimates, forecasts, and projections about the industry and markets in which the Company operates, management鈥檚 current beliefs, and certain assumptions made by the Company, all of which are subject to change.
Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that are difficult to predict and that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Important factors include, but are not limited to: the Company鈥檚 ability to execute on cost reduction initiatives and strategic transactions; customer demand and adoption trends; the timing, outcome, and enforceability of any patent applications; the ability to successfully integrate new technologies and partnerships; platform, regulatory, and legislative developments (including the ultimate scope, timing, and impact of any stablecoin legislation); macroeconomic and market conditions; compliance with Nasdaq Capital Market continued listing standards; access to, and the cost of, capital; and the other risks and uncertainties described in the section entitled 鈥淩isk Factors鈥� in the Company鈥檚 Annual Report on Form 10-K for the year ended December 31, 2024, the Company鈥檚 Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, and other filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
Investor Relations Contact:
Shannon Devine/ Mark Schwalenberg
MZ North America
Main: 203-741-8811
| 听 | ||||||||
| SUPER LEAGUE ENTERPRISE, INC. CONSOLIDATED BALANCE SHEETS JUNE 30, 2025 AND DECEMBER 31, 2024 (In U.S. dollars, rounded to the nearest thousands, except share and per share data) | ||||||||
| 听 | ||||||||
| 听 | 听 | June 30, 2025 | 听 | December 31, 2024 | ||||
| Assets | 听 | 听 | 听 | 听 | ||||
| Cash and cash equivalents | 听 | $ | 475,000 | 听 | 听 | $ | 1,310,000 | 听 |
| Accounts receivable | 听 | 听 | 2,337,000 | 听 | 听 | 听 | 3,766,000 | 听 |
| Prepaid expenses and other current assets | 听 | 听 | 922,000 | 听 | 听 | 听 | 677,000 | 听 |
| Total current assets | 听 | 听 | 3,734,000 | 听 | 听 | 听 | 5,753,000 | 听 |
| 听 | 听 | 听 | 听 | 听 | ||||
| Property and Equipment, net | 听 | 听 | 14,000 | 听 | 听 | 听 | 24,000 | 听 |
| Intangible and Other Assets, net | 听 | 听 | 2,849,000 | 听 | 听 | 听 | 4,070,000 | 听 |
| Goodwill | 听 | 听 | 1,864,000 | 听 | 听 | 听 | 1,864,000 | 听 |
| Total assets | 听 | $ | 8,461,000 | 听 | 听 | $ | 11,711,000 | 听 |
| 听 | 听 | 听 | 听 | 听 | ||||
| Liabilities | 听 | 听 | 听 | 听 | ||||
| Accounts payable and accrued expenses | 听 | $ | 5,461,000 | 听 | 听 | $ | 5,282,000 | 听 |
| Accrued contingent consideration | 听 | 听 | 116,000 | 听 | 听 | 听 | 138,000 | 听 |
| Promissory note - contingent consideration | 听 | 听 | 1,700,000 | 听 | 听 | 听 | 1,735,000 | 听 |
| Contract liabilities | 听 | 听 | 1,036,000 | 听 | 听 | 听 | 50,000 | 听 |
| Notes payable and accrued interest | 听 | 听 | 4,030,000 | 听 | 听 | 听 | 3,240,000 | 听 |
| Total current liabilities | 听 | 听 | 12,343,000 | 听 | 听 | 听 | 10,445,000 | 听 |
| Deferred taxes | 听 | 听 | 161,000 | 听 | 听 | 听 | 161,000 | 听 |
| Warrant liability | 听 | 听 | 74,000 | 听 | 听 | 听 | 935,000 | 听 |
| Total liabilities | 听 | 听 | 12,578,000 | 听 | 听 | 听 | 11,541,000 | 听 |
| 听 | 听 | 听 | 听 | 听 | ||||
| Stockholders鈥� Equity | 听 | 听 | 听 | 听 | ||||
| Preferred Stock, par value | 听 | 听 | - | 听 | 听 | 听 | - | 听 |
| Common Stock, par value | 听 | 听 | 78,000 | 听 | 听 | 听 | 94,000 | 听 |
| Additional paid-in capital | 听 | 听 | 272,954,000 | 听 | 听 | 听 | 270,111,000 | 听 |
| Accumulated deficit | 听 | 听 | (277,149,000 | ) | 听 | 听 | (270,035,000 | ) |
| Total stockholders鈥� equity (deficit) | 听 | 听 | (4,117,000 | ) | 听 | 听 | 170,000 | 听 |
| Total liabilities and stockholders鈥� equity | 听 | $ | 8,461,000 | 听 | 听 | $ | 11,711,000 | 听 |
| 听 | |||||||||||||||
| SUPER LEAGUE ENTERPRISE, INC. CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED JUNE 30, 2025 AND 2024 (In U.S. dollars, rounded to the nearest thousands, except share and per share data) | |||||||||||||||
| 听 | |||||||||||||||
| 听 | Three Months Ended | 听 | Six Months Ended | ||||||||||||
| 听 | June 30, | 听 | June 30, | ||||||||||||
| 听 | 听 | 2025 | 听 | 听 | 听 | 2024 | 听 | 听 | 听 | 2025 | 听 | 听 | 听 | 2024 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| REVENUE | $ | 3,001,000 | 听 | 听 | $ | 4,116,000 | 听 | 听 | $ | 5,719,000 | 听 | 听 | $ | 8,325,000 | 听 |
| COST OF REVENUE | 听 | (1,692,000 | ) | 听 | 听 | (2,470,000 | ) | 听 | 听 | (3,214,000 | ) | 听 | 听 | (4,947,000 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| GROSS PROFIT | 听 | 1,309,000 | 听 | 听 | 听 | 1,646,000 | 听 | 听 | 听 | 2,505,000 | 听 | 听 | 听 | 3,378,000 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| OPERATING EXPENSES | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Selling, marketing and advertising | 听 | 2,107,000 | 听 | 听 | 听 | 2,633,000 | 听 | 听 | 听 | 4,499,000 | 听 | 听 | 听 | 4,909,000 | 听 |
| Engineering, technology and development | 听 | 694,000 | 听 | 听 | 听 | 792,000 | 听 | 听 | 听 | 1,623,000 | 听 | 听 | 听 | 2,491,000 | 听 |
| General and administrative | 听 | 1,653,000 | 听 | 听 | 听 | 2,520,000 | 听 | 听 | 听 | 3,173,000 | 听 | 听 | 听 | 4,623,000 | 听 |
| Contingent consideration | 听 | - | 听 | 听 | 听 | (206,000 | ) | 听 | 听 | (14,000 | ) | 听 | 听 | 53,000 | 听 |
| TOTAL OPERATING EXPENSES | 听 | 4,454,000 | 听 | 听 | 听 | 5,739,000 | 听 | 听 | 听 | 9,281,000 | 听 | 听 | 听 | 12,076,000 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| NET OPERATING LOSS | 听 | (3,145,000 | ) | 听 | 听 | (4,093,000 | ) | 听 | 听 | (6,776,000 | ) | 听 | 听 | (8,698,000 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| OTHER INCOME (EXPENSE) | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Gain on sale of intangible assets | 听 | 100,000 | 听 | 听 | 听 | - | 听 | 听 | 听 | 343,000 | 听 | 听 | 听 | 144,000 | 听 |
| Interest expense, including change in fair value of promissory notes carried at fair value | 听 | 181,000 | 听 | 听 | 听 | (15,000 | ) | 听 | 听 | (1,221,000 | ) | 听 | 听 | (33,000 | ) |
| Change in fair value of warrant liability | 听 | 144,000 | 听 | 听 | 听 | 1,667,000 | 听 | 听 | 听 | 861,000 | 听 | 听 | 听 | 906,000 | 听 |
| Other | 听 | (63,000 | ) | 听 | 听 | (14,000 | ) | 听 | 听 | (220,000 | ) | 听 | 听 | (34,000 | ) |
| TOTAL OTHER INCOME (EXPENSE), NET | 听 | 362,000 | 听 | 听 | 听 | 1,638,000 | 听 | 听 | 听 | (237,000 | ) | 听 | 听 | 983,000 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| LOSS BEFORE BENEFIT FROM INCOME TAXES | 听 | (2,783,000 | ) | 听 | 听 | (2,455,000 | ) | 听 | 听 | (7,013,000 | ) | 听 | 听 | (7,715,000 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| PROVISION FOR INCOME TAXES | 听 | - | 听 | 听 | 听 | - | 听 | 听 | 听 | - | 听 | 听 | 听 | - | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| NET LOSS | $ | (2,783,000 | ) | 听 | $ | (2,455,000 | ) | 听 | $ | (7,013,000 | ) | 听 | $ | (7,715,000 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Net loss attributable to common stockholders - basic and diluted | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Basic and diluted net loss per common share | $ | (4.52 | ) | 听 | $ | (24.01 | ) | 听 | $ | (13.40 | ) | 听 | $ | (62.17 | ) |
| Weighted-average number of shares outstanding, basic and diluted | 听 | 637,877 | 听 | 听 | 听 | 168,533 | 听 | 听 | 听 | 531,083 | 听 | 听 | 听 | 149,776 | 听 |
| 听 | |||||||||||||||
| SUPER LEAGUE ENTERPRISE, INC. RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION (UNAUDITED) FOR THE THREE MONTHS ENDED JUNE 30, 2025 AND 2024 (In U.S. dollars, rounded to the nearest thousands, except share and per share data) | |||||||||||||||
| 听 | |||||||||||||||
| 听 | Three Months Ended | 听 | Six Months Ended | ||||||||||||
| 听 | June 30, | 听 | June 30, | ||||||||||||
| 听 | 听 | 2025 | 听 | 听 | 听 | 2024 | 听 | 听 | 听 | 2025 | 听 | 听 | 听 | 2024 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| GAAP net loss | $ | (2,783,000 | ) | 听 | $ | (2,455,000 | ) | 听 | $ | (7,013,000 | ) | 听 | $ | (7,715,000 | ) |
| Add back: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Non-cash stock compensation | 听 | 475,000 | 听 | 听 | 听 | 298,000 | 听 | 听 | 听 | 759,000 | 听 | 听 | 听 | 630,000 | 听 |
| Non-cash amortization of intangibles | 听 | 540,000 | 听 | 听 | 听 | 604,000 | 听 | 听 | 听 | 1,080,000 | 听 | 听 | 听 | 1,287,000 | 听 |
| Change in fair value of warrant liability | 听 | (144,000 | ) | 听 | 听 | (1,667,000 | ) | 听 | 听 | (861,000 | ) | 听 | 听 | (906,000 | ) |
| Other | 听 | (185,000 | ) | 听 | 听 | 354,000 | 听 | 听 | 听 | (302,000 | ) | 听 | 听 | 634,000 | 听 |
| Proforma net loss | $ | (2,097,000 | ) | 听 | $ | (2,866,000 | ) | 听 | $ | (6,337,000 | ) | 听 | $ | (6,070,000 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Pro forma non-GAAP net earnings (loss) per common share 鈥� diluted | $ | (3.29 | ) | 听 | $ | (17.01 | ) | 听 | $ | (11.93 | ) | 听 | $ | (40.53 | ) |
| Non-GAAP weighted-average shares 鈥� diluted | 听 | 637,877 | 听 | 听 | 听 | 168,533 | 听 | 听 | 听 | 531,083 | 听 | 听 | 听 | 149,776 | 听 |
| 听 | |||||||
| SUPER LEAGUE ENTERPRISE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2024 (In U.S. dollars, rounded to the nearest thousands) | |||||||
| 听 | |||||||
| 听 | Six Months Ended | ||||||
| 听 | June 30, | ||||||
| 听 | 听 | 2025 | 听 | 听 | 听 | 2024 | 听 |
| Operating Activities | 听 | 听 | 听 | ||||
| Net loss | $ | (7,013,000 | ) | 听 | $ | (7,715,000 | ) |
| Adjustments to reconcile net loss to net cash used in operations: | 听 | 听 | 听 | ||||
| Depreciation and amortization | 听 | 1,091,000 | 听 | 听 | 听 | 1,320,000 | 听 |
| Stock-based compensation | 听 | 759,000 | 听 | 听 | 听 | 630,000 | 听 |
| Change in fair value of warrant liability | 听 | (861,000 | ) | 听 | 听 | (906,000 | ) |
| Change in fair value of contingent consideration | 听 | (91,000 | ) | 听 | 听 | (90,000 | ) |
| Change in fair value of debt at fair value | 听 | 392,000 | 听 | 听 | 听 | - | 听 |
| Gain on sale of intangible assets | 听 | (152,000 | ) | 听 | 听 | (144,000 | ) |
| Fair value of noncash legal settlement and other noncash charges | 听 | - | 听 | 听 | 听 | 724,000 | 听 |
| Changes in assets and liabilities | 听 | 听 | 听 | ||||
| Accounts Receivable | 听 | 773,000 | 听 | 听 | 听 | 2,801,000 | 听 |
| Prepaid Expenses and Other Assets | 听 | (74,000 | ) | 听 | 听 | 261,000 | 听 |
| Accounts payable and accrued expenses | 听 | 103,000 | 听 | 听 | 听 | (2,850,000 | ) |
| Accrued contingent consideration | 听 | - | 听 | 听 | 听 | (107,000 | ) |
| Contract liabilities | 听 | 986,000 | 听 | 听 | 听 | 24,000 | 听 |
| Accrued interest on notes payable | 听 | 92,000 | 听 | 听 | 听 | - | 听 |
| Net Cash Used in Operating Activities | 听 | (3,995,000 | ) | 听 | 听 | (6,052,000 | ) |
| 听 | 听 | 听 | 听 | ||||
| Investing Activities | 听 | 听 | 听 | - | 听 | ||
| Proceeds from sale of Minehut and Mineville Assets | 听 | 1,006,000 | 听 | 听 | 听 | - | 听 |
| Capitalization of software development costs | 听 | (200,000 | ) | 听 | 听 | (284,000 | ) |
| Acquisition of other intangibles | 听 | (10,000 | ) | 听 | 听 | - | 听 |
| Net Cash Used in Investing Activities | 听 | 796,000 | 听 | 听 | 听 | (284,000 | ) |
| 听 | 听 | 听 | 听 | ||||
| Financing Activities | 听 | 听 | 听 | ||||
| Proceeds from issuance of preferred stock, net | 听 | - | 听 | 听 | 听 | 1,045,000 | 听 |
| Proceeds from issuance of common stock, net of issuance costs | 听 | 1,945,000 | 听 | 听 | 听 | - | 听 |
| Proceeds from the issuance of promissory notes, net of issuance costs | 听 | 4,011,000 | 听 | 听 | 听 | - | 听 |
| Payments on promissory notes | 听 | (3,568,000 | ) | 听 | 听 | - | 听 |
| Accounts receivable facility advances | 听 | 429,000 | 听 | 听 | 听 | 672,000 | 听 |
| Payments on accounts receivable facility | 听 | (453,000 | ) | 听 | 听 | (1,273,000 | ) |
| Other | 听 | - | 听 | 听 | 听 | (32,000 | ) |
| Net Cash Provided by (Used in) Financing Activities | 听 | 2,364,000 | 听 | 听 | 听 | 412,000 | 听 |
| 听 | 听 | 听 | 听 | ||||
| Net Increase (Decrease) in Cash and Cash Equivalents | 听 | (835,000 | ) | 听 | 听 | (5,924,000 | ) |
| Cash and Cash Equivalents at Beginning of the Period | 听 | 1,310,000 | 听 | 听 | 听 | 7,609,000 | 听 |
| Cash and Cash Equivalents at End of the Period | $ | 475,000 | 听 | 听 | $ | 1,685,000 | 听 |
FAQ
What were Super League's (SLE) key financial metrics for Q2 2025?
When does Super League (SLE) expect to become Adjusted EBITDA positive?
What major partnerships did Super League (SLE) announce in Q2 2025?
How will the GENIUS Act affect Super League's (SLE) business?
What is Super League's (SLE) market opportunity in the gaming sector?
