Allied Gaming & Entertainment Announces First Quarter 2024 Financial Results [Yahoo! Finance]
WYNN MACAU LTD UNSP/ADR (WYNMY)
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Source: Yahoo! Finance
entertainment company, today announced financial results for the first quarter ended March 31, 2024. "After building momentum throughout 2023, we've had a strong start to the year," stated Yinghua Chen, Chief Executive Officer of AGAE. "Along with the exciting events we have confirmed for the second quarter, we have a strong pipeline of opportunities in front of us, both locally and abroad throughout 2024. In addition, Z-Tech is trending well for the remainder of the year as we look to further capitalize on the massive and growing market of gaming & entertainment." First Quarter 2024 Financial Results Revenues: Total revenues of $2.4 million increased 99% compared to $1.2 million in the first quarter of 2023. The year-over-year increase was primarily attributable to an increase in casual mobile gaming revenues following the Company's strategic investment in Z-Tech in the fourth quarter of 2023. Costs and expenses: Total costs and expenses were $5.1 million, an increase of 31%
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