NEW PICK

Has an audience of 300m gamers and generates 4.2B views each MONTH

Revenue reached $ 16.3m, up 133% from $ 7m in prev. Q.

It is rapidly taking over competitors to become the leading MEDIA player

Read it HERE https://getbenchmark.substack.com/p/enthusiast-gaming-a-133-growth-monster

$EGLX in short

Enthusiast Gaming is a media company active in the gaming segment

It develops internal brands, acquires websites, partners with influencers and merges with gaming teams to create the leading gaming media company

It is betting that gamers want to consume gaming-related content once they stop playing and the company seeks to corner the off-game experience

It now counts over 300m gamers and generates 4.2B monthly views at an ARPU of $ 0.4

Enthusiast Gaming is acting as the consolidator in the gaming media segment and sales are boosted by the segment’s underlying growth

Going forward, it plans to improve its audience’s monetization through subscription services and apps

The Pitch

Enthusiast Gaming is turning itself into the leading media company in the gaming sector

It is doing so by acquiring competitors, partnering with influencers and merging with leading gaming teams

The esports market is growing at a rapid pace and set to double in the coming 5 years, providing the organic market growth Enthusiast Gaming needs

Its one-stop-shop offering enables it to serve TIER-1 customers as Amazon, Snap, Tik Tok and Samsung

We have a stake in $EGLX.TO ($ENGMF)

We will increase if it manages to sustain its growth organically, increase its ARPU to $ 1 from $ 0.4 today, significantly drive up monthly views all while improving its gross margin and reducing its long-term debt

We will cut if it fails to sustain its growth trajectory, if its gross margins further deteriorate and if fails to keep its costs under control, requiring it to raise additional capital

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