Financial Data and Key Metrics Changes - Total revenues for Q3 2024 were $2.2 million, representing a 93% increase from Q3 2023, primarily driven by higher casual mobile gaming revenues and increased in-person revenues at HyperX and Open Mobile arenas [14] - Total costs and expenses for Q3 2024 were $3.3 million, up from $1.8 million in the prior year, mainly due to investments in Z-Tech and other operational costs [15] - The net loss for Q3 2024 was $4.0 million, compared to a net income of $0.1 million in Q3 2023, impacted by a $3 million loss on a settlement and a $1.2 million net unrealized loss on foreign currency transactions [16] - Adjusted EBITDA loss improved to $0.1 million from a loss of $0.3 million in Q3 2023 [17] - Cash and short-term investments totaled $80.2 million as of September 30, 2024, compared to $78.6 million at the end of 2023 [18] Business Line Data and Key Metrics Changes - The HyperX Arena hosted 61 event days in Q3 2024, with 34 being third-party events, indicating strong demand for the venue [6] - The Omen Mobile arena had its busiest quarter since 2023, hosting significant events and tournaments, showcasing its versatility beyond e-sports [8] - The launch of two new casual mobile games was part of the strategy to expand the gaming portfolio, focusing on card and Mahjong games with strong user retention [11] Market Data and Key Metrics Changes - The World Mahjong Tour (WMT) is set to kick off with two satellite events in Los Angeles and Beijing, aiming to attract significant interest leading up to the finale in Las Vegas [9] - The company is co-hosting the RhythmX Music Festival in Macau in partnership with the Strawberry Music Festival, aiming to establish it as a landmark event [10] Company Strategy and Development Direction - The company is focused on capitalizing on significant assets and gearing up for the World Mahjong Tour, launching new mobile game titles, and increasing demand at its arenas [20] - The strategic investment from Yellow River Global Capital is expected to provide valuable resources and expertise to accelerate growth initiatives [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about substantial progress impacting both top and bottom lines, driven by upcoming events and strategic initiatives [20] Other Important Information - The company recorded a $5 million redistribution of escrow funds related to a settlement agreement, affecting cash and working capital positions [19] Q&A Session Summary - The Q&A session concluded without any recorded questions or answers, indicating a wrap-up of the conference call [22]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to _______ Commission file number: 001-38226 ALLIED GAMING & ENTERTAINMENT INC. (Exact Name of Registrant as Specified in Its Charter) | --- | --- | --- | |----------- ...

EXHIBIT 99.1 Allied Gaming & Entertainment Announces Third Quarter 2024 Financial Results New York, NY (November 14, 2024) – Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) (the "Company" or "AGAE"), a global experiential entertainment company, today announced financial results for the third quarter ended September 30, 2024. "It was a productive quarter at AGAE as we grew revenues by 93% year-over-year and continued to lay the foundation for our business to capitalize on the significant assets available ...

Financial Data and Key Metrics - Total revenues for Q2 2024 were $2.6 million, up 11% from Q1 2024 but down 19% from Q2 2023 [10] - The year-over-year revenue decline was primarily due to a $2 million decrease in branded content production revenues, partially offset by a $1.7 million increase in casual mobile gaming revenues from Z-Tech [10] - Total costs and expenses for Q2 2024 were $7.9 million, up from $4.7 million in Q2 2023, with $3 million of the increase attributed to litigation costs related to Knighted Pastures' hostile takeover attempt [10] - Net loss for Q2 2024 was $3.9 million, compared to a loss of $1.8 million in Q1 2024 and $0.7 million in Q2 2023 [11] - Adjusted EBITDA loss for Q2 2024 was $1.4 million, compared to a loss of $1.7 million in Q1 2024 and $1.1 million in Q2 2023 [11] - Cash and short-term investments totaled $95.2 million as of June 30, 2024, up from $78.6 million at December 31, 2023, primarily due to low and non-interest-bearing loans from Morgan Stanley Bank Asia Limited [12] - Working capital surplus was $61.8 million as of June 30, 2024, compared to $66.4 million at December 31, 2023 [12] Business Line Performance - HyperX Arena hosted 65 event dates in Q2 2024, including 40 third-party events, with notable events such as the WPT Seminole Hard Rock Poker Showdown and the Mobile Legends Bang Bang 2024 North America Challenger Tournament Spring Grand Finale [6] - Z-Tech, the casual mobile gaming subsidiary, saw a 53% increase in Q2 in-game ad revenue compared to Q1 2024, driven by the release of the new game Balloon Pop Mania [8] - The company announced the launch of the World Mahjong Tour (WMT), modeled after the World Poker Tour, with regional tournaments leading to a final event at HyperX Arena in spring 2025 [7] Market and Strategic Initiatives - The World Mahjong Tour (WMT) is expected to leverage the company's expertise in mobile games, content production, and membership services, aiming to capitalize on the resurging popularity of mahjong, particularly among younger generations [7] - Allied Experiential Entertainment (AEE) is in negotiations to partner with a popular annual music festival in Macau, expanding its opportunities in Asia [7] - Z-Tech's momentum in casual mobile gaming is expected to drive sustained revenue growth in the second half of 2024 [8] Management Commentary - The CEO expressed optimism about the company's upward trajectory, particularly with the launch of the World Mahjong Tour and the strong performance of Z-Tech [5][13] - The CFO highlighted the impact of litigation costs on expenses but noted the company's strong cash position and working capital surplus [10][12] Other Important Information - The company emphasized its focus on non-GAAP financial measures, with reconciliations and explanations provided in the earnings release [4] - The CEO reiterated confidence in the management team's ability to lead the company forward, with all three subsidiaries expected to capitalize on revenue opportunities in the near future [13] Q&A Session - No questions or answers were provided in the transcript [14]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to _______ Commission file number: 001-38226 ALLIED GAMING & ENTERTAINMENT INC. (Exact Name of Registrant as Specified in Its Charter) (State or other jurisdiction of incor ...

"These are exciting times at Allied Gaming & Entertainment as our business is very well positioned with a number of growth catalysts in the near future," stated Yinghua Chen, Chief Executive Officer of AGAE. "We are particularly bullish on our most recent announcement, the formation of the World Mahjong Tour, which will utilize the highly successful and sustainable business model of World Poker Tour to bring Mahjong to enthusiasts around the world. We look forward to our opening season, with the champion be ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock AGAE NASDAQ Capital Market FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to _______ Commission file number: 001-38226 ALLIED ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 20, 2024 | --- | --- | --- | |------------------------------------|-----------------------------------------------------------------------------------------------------------|-----------------------| | | Allied Gaming & Entertainment Inc. (Exact name of registrant as specified in its charte ...

(MARK ONE) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38226 ALLIED GAMING & ENTERTAINMENT INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 82-1659427 (State or other jur ...

Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) Q4 2023 Earnings Conference Call March 27, 2024 5:00 PM ET Company Participants Tyler Drew - Addo Investor Relations Yinghua Chen - CEO Roy Anderson - CFO Conference Call Participants Operator Greetings and welcome to the Allied Gaming & Entertainment, Incorporated Fourth Quarter and Full Year 2023 Earnings Conference Call. [Operator Instructions] And as a reminder, this conference is being recorded. It is now my pleasure to introduce to you Tyler Drew with ...