RBLX - Super League Enterprise (NASDAQ: SLE) Q4 And FY2023 Earnings: Record Quarterly Revenues Achieved Annual Net Loss Narrowed | Benzinga
Super League Enterprise (NASDAQ:SLE) is a pioneer in immersive marketing and commerce in 3D web, and its latest earnings results highlighted a pivotal year, setting new records for revenue while reinforcing its balance sheet and enhancing operational efficiency. In a letter to shareholders, the company outlined its fiscal fourth quarter and full-year 2023 financial performance, its strategic accomplishments and its vision for future growth.
Fourth Quarter Financial Performance
- Revenue: Super League achieved a quarterly record with revenues reaching $9.5 million, a 34% increase year-over-year.
- Partnerships: The company served over 100 brands and IP owners, launching 11 custom builds with peak engagement times of up to 30.5 minutes, integrating 15 custom experiences in popular platforms like Roblox (NASDAQ:RBLX), Minecraft (NASDAQ:MSFT) and Fortnite, and generating over 330 million visits.
- Media Campaigns: Media campaigns across these platforms exceeded 180, with significant visibility across digital and OTT channels supported by 340 pieces of video content.
Fiscal Year 2023 Financial Performance
- Annual Revenue: The year’s total revenue of $25.1 million represents a 27% increase from 2022, propelled by substantial gains in publishing and content studio revenues.
- Cost of Revenue: Fiscal 2023 saw the company's cost of revenue increase to $15.3 million, up 37% from the previous year, reflecting the scale of Super League’s custom integration ...