Revenue: As of FY2025, the actual value is USD 11.34 M, missing the estimate of USD 11.84 M.

EPS: As of FY2025, the actual value is USD -40.43.

EBIT: As of FY2025, the actual value is USD -4.618 M.

Super League Enterprise, Inc. operates as a single reportable segment, with its financial performance summarized below.

Revenue

Total revenue for Super League Enterprise, Inc. in Fiscal Year 2025 was $11,342,000, representing a 30% decrease from $16,182,000 in Fiscal Year 2024, primarily due to industry softness in ad sales, macro environmental factors, and the sale of digital properties. Media and advertising revenue decreased by 16% to $5,601,000 in Fiscal Year 2025, from $6,696,000 in Fiscal Year 2024. This change was influenced by a strategic decrease of $1,700,000 in lower-margin influencer marketing revenue and an $800,000 decrease in on-platform media sales, partially offset by a $1,500,000 increase in off-platform media sales revenue. Off-platform sales revenues accounted for 46% of total revenue in Fiscal Year 2025, up from 16% in Fiscal Year 2024. Publishing and content studio revenue decreased by 37% to $5,428,000 in Fiscal Year 2025, from $8,607,000 in Fiscal Year 2024. Direct to consumer revenue decreased by 64% to $313,000 in Fiscal Year 2025, from $879,000 in Fiscal Year 2024, mainly due to the sale of the Minehut digital property in Q1 2024 and the Mineville digital property in May 2025.

Operational Metrics

• Cost of Revenue was $6,749,000 in Fiscal Year 2025, a 33% decrease from $10,080,000 in Fiscal Year 2024.
• Gross Profit was $4,593,000 in Fiscal Year 2025, marking a 25% decrease from $6,102,000 in Fiscal Year 2024.
• Gross Margin improved to 40% in Fiscal Year 2025, compared to 38% in Fiscal Year 2024.
• Total Operating Expense decreased by 23% to $17,646,000 in Fiscal Year 2025, from $22,856,000 in Fiscal Year 2024. Excluding noncash charges, operating expense for Fiscal Year 2025 was $13,100,000, a 28% reduction compared to $18,200,000 in Fiscal Year 2024.
  • Selling, marketing and advertising expense decreased by 23% to $7,535,000 in Fiscal Year 2025, from $9,822,000 in Fiscal Year 2024.
  • Engineering, technology and development expense decreased by 35% to $2,912,000 in Fiscal Year 2025, from $4,447,000 in Fiscal Year 2024.
  • General and administrative expense decreased by 17% to $7,213,000 in Fiscal Year 2025, from $8,731,000 in Fiscal Year 2024.
• Net Loss from Operations was -$13,053,000 in Fiscal Year 2025, an improvement from -$16,754,000 in Fiscal Year 2024.
• Other Income (Expense), net was -$7,673,000 in Fiscal Year 2025, compared to $280,000 in Fiscal Year 2024.
• Net Loss for Fiscal Year 2025 was -$20,717,000, compared to -$16,635,000 in Fiscal Year 2024.

Cash Flow

• Net cash used in operating activities was -$10,672,000 in Fiscal Year 2025, compared to -$11,462,000 in Fiscal Year 2024.
• Net cash provided by (used in) investing activities was $916,000 in Fiscal Year 2025, compared to -$283,000 in Fiscal Year 2024.
• Net cash provided by financing activities was $22,836,000 in Fiscal Year 2025, compared to $5,446,000 in Fiscal Year 2024.

Outlook / Guidance

Management believes Super League Enterprise, Inc. will have sufficient liquidity for at least twelve months following the financial statement issuance date, supported by cash on hand, equity financings, debt-to-equity conversions, and reduced operating expenses. The company anticipates continued seasonality, with higher revenues expected in the second half of the fiscal year, particularly the fourth quarter, driven by increased holiday advertising spending.