Super League Enterprise, Inc. reported a significant decline in financial performance for the second quarter of 2025, with total revenue of $3.0 million, down 27% from $4.1 million in the same period last year. For the first half of 2025, revenue decreased by 31% to $5.7 million compared to $8.3 million in the prior year. The decrease was attributed to macroeconomic challenges, including tariff uncertainties and a reduction in direct-to-consumer revenues following the sale of its Mineville digital property in May 2025. The company's gross profit for the quarter was $1.3 million, representing a gross margin of 44%, an improvement from 40% in the previous year.
Operating expenses also saw a reduction, totaling $4.5 million for the second quarter, down 22% from $5.7 million in the prior year. This decrease was largely due to a 35% workforce reduction implemented in April 2025, which is expected to save approximately $2.7 million in operating costs through the end of the year. The net loss for the quarter was $2.8 million, or $(4.52) per share, compared to a net loss of $2.5 million, or $(24.01) per share, in the same quarter of 2024.
In terms of strategic developments, Super League completed the acquisition of Supersocial in May 2025, enhancing its capabilities in the Roblox platform and expanding its client base. The company also sold its Mineville assets for $350,000, which will allow it to focus on partnerships with major brands in immersive gaming. Additionally, Super League expanded its partnership with AdArcade to offer a new mobile ad format that reportedly delivers three times higher engagement than traditional ads.
As of June 30, 2025, Super League's total assets were $8.5 million, down from $11.7 million at the end of 2024. The company reported current liabilities of $12.3 million, leading to a stockholders' deficit of $4.1 million. The company’s cash and cash equivalents decreased to $475,000 from $1.3 million at the end of 2024. Management indicated that they are exploring additional capital-raising options to support ongoing operations and growth strategies, including potential equity or debt financing.
Looking ahead, Super League anticipates continued challenges in the advertising market but remains focused on diversifying its revenue streams and enhancing operational efficiencies. The company is also working to regain compliance with Nasdaq listing requirements, having recently received confirmation that it has met the minimum bid price requirement. The management's plans include further strategic acquisitions and partnerships to bolster its market position in the evolving landscape of playable media.
About Super League Enterprise, Inc.
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