SharpLink Gaming Ltd. Q2 FY2023 Earnings Call

· Earnings call transcript and AI-powered summary

SharpLink Gaming Limited – Q2 2023 Earnings Summary

  • Total Revenue: Increased 86% YoY to $3.26M for Q2 2023 (up from $1.75M in Q2 2022).
  • H1 2023 Revenue: Grew 82% to $6.65M vs. $3.65M in H1 2022.
  • Segment Performance (Q2 2023 vs. Q2 2022):
    • SportsHub Gaming Network: $1.13M revenue (new acquisition, $0 in prior year).
    • Affiliate Marketing Services (U.S.): Up 182% to $306K from $109K.
    • Affiliate Marketing Services (International): Up 34% to $1.13M from $840K.
    • Sports Gaming Client Services: Down 13% to $699K from $803K.
  • Gross Profit:
    • Q2 2023: Up 972% to $965K (vs. $90K in Q2 2022).
    • H1 2023: Up 222% to $2.31M (vs. $718K in H1 2022).
    • Gross Margin: Q2 margin rose to 30% from 5% YoY; H1 to 35% from 20%.
  • Operating Expenses:
    • Q2 2023: Stayed relatively flat at $3.75M (vs. $3.73M in Q2 2022).
    • H1 2023: Declined 34% to $7.42M (vs. $11.29M in H1 2022).

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Operator: Good afternoon, everyone, and welcome to SharpLink Gaming Limited's 2023 Second Quarter Results Webcast. Presenting on today's webcast is SharpLink's Chief Executive Officer; Mr. Rob Phythian, who will be joined by Dodi Handy, the company's Director of Communications. Before I turn the floor over to them, I remind you that during today's call, statements that are not historical facts including any projections, statements regarding future events or future financial performance or statements of intent or belief, are forward-looking statements and are covered by the Safe Harbor disclaimers contained in the company's public filings with the SEC. Actual outcomes and results may differ materially from what is expressed in or implied by these forward-looking statements. At this time, I'd now like to introduce Dodi Handy. Please go ahead, Dodi. Dodi Handy: Thank you, Karen, and good morning, everyone, and thanks for joining us on this webcast. Your interest in and support of SharpLink is deeply appreciated, and we glad you're with us. Due to personal reasons, Bob DeLucia, our Chief Financial Officer, is not able to participate on today's webcast, but he will be back on air when we broadcast our third quarter results in November. So, in Bob's absence, Rob will endeavor to cover all the key highlights of the second quarter results, and provide you with some meaningful insight into the company's progress and outlook for the remainder of this year. So let's begin. I'd like to f

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