Adjusted EBITDA from continuing operations of $1.2 million for the nine months ended September 30, 2025, compared to a loss of $0.1 million in the year ago period Completed sale of Direct Sales Media Business and related creative assets in Q3, resulting in a gain on sale of subsidiaries and assets of $5.5 million Gross margin of 86.9% in Q3 2025, up 1,810 bps from Q3 2024 TORONTO, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX), a digital ...

Core Points - Enthusiast Gaming Holdings Inc. announced the results of the Board of Directors election during its Annual General and Special Meeting of Shareholders held on October 28, 2025 [1] - All nominees listed in the management information circular dated September 15, 2025, were elected as directors [2] Voting Results - John Albright received 11,665,770 votes (91.70%) in favor and 1,056,302 votes (8.30%) withheld - Scott Michael O'Neil received 12,460,190 votes (97.94%) in favor and 261,882 votes (2.06%) withheld - Thomas Hearne received 12,219,980 votes (96.05%) in favor and 502,092 votes (3.95%) withheld - John Zorbas received 11,773,328 votes (92.54%) in favor and 948,744 votes (7.46%) withheld - Sara Slane received 12,040,309 votes (94.64%) in favor and 681,763 votes (5.36%) withheld - Jordan Gnat received 11,938,264 votes (93.84%) in favor and 783,808 votes (6.16%) withheld [3] Shareholder Votes on Other Items - The number of directors was set at six, with 37,367,246 votes (88.76%) in favor and 4,729,576 votes (11.24%) against - RSM Canada LLP was appointed as auditor for the ensuing year with 41,875,489 votes (99.47%) in favor and 221,333 votes (0.53%) against - The Issuance Resolution was approved with 12,174,502 votes (95.70%) in favor and 547,570 votes (4.30%) against [3] Company Overview - Enthusiast Gaming focuses on building tools, platforms, and experiences for gamers, with a portfolio that includes well-known digital properties such as U.GG, Icy-Veins, and TheSimsResource - The company generates revenue through programmatic advertising, subscriptions, and events, and aims to expand its owned intellectual property while deepening audience engagement [4]

Core Points - Enthusiast Gaming Holdings Inc. announced the results of the Board of Directors election held on October 28, 2025, during its Annual General and Special Meeting of Shareholders [1] - All nominees listed in the management information circular dated September 15, 2025, were elected as directors [2] Voting Results - John Albright received 11,665,770 votes (91.70%) in favor, with 1,056,302 votes withheld (8.30%) [3] - Scott Michael O'Neil received 12,460,190 votes (97.94%) in favor, with 261,882 votes withheld (2.06%) [3] - Thomas Hearne received 12,219,980 votes (96.05%) in favor, with 502,092 votes withheld (3.95%) [3] - John Zorbas received 11,773,328 votes (92.54%) in favor, with 948,744 votes withheld (7.46%) [3] - Sara Slane received 12,040,309 votes (94.64%) in favor, with 681,763 votes withheld (5.36%) [3] - Jordan Gnat received 11,938,264 votes (93.84%) in favor, with 783,808 votes withheld (6.16%) [3] Additional Shareholder Votes - The number of directors was set at six, with 37,367,246 votes (88.76%) in favor and 4,729,576 votes (11.24%) withheld/against [3] - RSM Canada LLP was approved as the auditor for the ensuing year with 41,875,489 votes (99.47%) in favor and 221,333 votes (0.53%) withheld/against [3] - The Issuance Resolution was carried with 12,174,502 votes (95.70%) in favor and 547,570 votes (4.30%) withheld/against [3] Company Overview - Enthusiast Gaming focuses on building tools, platforms, and experiences for gamers, with a portfolio that includes well-known digital properties such as U.GG, Icy-Veins, and TheSimsResource [4] - The company generates revenue through programmatic advertising, subscriptions, and events, and aims to expand its owned intellectual property while deepening audience engagement [4]

Core Points - Enthusiast Gaming Holdings Inc. is providing an update regarding the impact of the ongoing Canadian Union of Postal Workers strike on the delivery of proxy-related materials for its upcoming annual general and special meeting of shareholders [1][3] - The meeting is scheduled to be held virtually on October 28, 2025, at 1:00 p.m. Toronto Time [2] - The company completed mailing proxy-related materials on October 15, 2025, but delivery prior to the meeting is not guaranteed due to the postal strike [3] - Shareholders are encouraged to access electronic copies of the meeting materials available on SEDAR+ or request them directly from the company [5] Meeting Details - The meeting will cover several key matters including the approval of consolidated financial statements for the year ended December 31, 2024, the election of directors, and the appointment of auditors for the ensuing year [6] - A resolution will also be considered regarding the issuance of common shares upon the exercise of warrants held by Beedie Investments Ltd. [6] Proxy Submission - To accommodate potential mailing delays, the company will accept properly executed proxies submitted after the original deadline, as long as they are received by 5:00 p.m. on October 27, 2025 [4] - Shareholders who have not received their materials by mail are advised to contact their intermediaries or access electronic versions [5]

Core Insights - Enthusiast Gaming Holdings Inc. hosted its 12th annual Pocket Gamer Connects Helsinki, attracting over 1350 senior games industry professionals from 44 countries, highlighting significant networking and business development opportunities [1][7] Event Details - The event took place at the Wanha Satama exhibition centre and featured participation from major brands and partners such as Supercell, Epic Games, and Netflix, showcasing innovation and collaboration in the gaming industry [2] - The conference included 172 speakers across 22 content tracks, focusing on various gaming formats including PC, Console, AI, and transmedia [7] Future Events - Upcoming flagship events include Pocket Gamer Connect Aqaba on November 7-8 and Pocket Gamer Connects London 2026 on January 19-20, along with the Pocket Gamer Connects Summit Korea on October 31 [3] About Pocket Gamer Connects - Pocket Gamer Connects is an independent B2B conference series for the global games industry, having hosted over 50 conferences and welcomed over 60,000 delegates since 2014, facilitating over $1.5 billion in deals [4] Company Overview - Enthusiast Gaming focuses on building tools, platforms, and experiences for gamers, with a portfolio that includes well-known digital properties and revenue generation through advertising, subscriptions, and events [5]

Core Points - Enthusiast Gaming Holdings Inc. is notifying shareholders about potential disruptions in receiving meeting materials due to the ongoing Canada Post strike [1][2] - The annual general and special meeting is scheduled for October 28, 2025, at 1:00 p.m. Toronto Time [1] - Shareholders can access meeting materials electronically on the Company's SEDAR+ profile and Odyssey Trust website [1] Shareholder Information - Registered shareholders can request a control number or assistance with voting through the "Chat with Odyssey Trust" function or by contacting Odyssey Trust Company [3] - Beneficial shareholders should contact their brokerage firm to request a proxy if they have not received their information [4] - Requests for paper copies of the meeting materials should be made by October 14, 2025, to ensure timely delivery [5] Company Overview - Enthusiast Gaming focuses on building tools, platforms, and experiences for gamers, with a portfolio that includes well-known digital properties [6] - The Company generates revenue through programmatic advertising, subscriptions, and events, and aims to expand its owned intellectual property and deepen audience engagement [6]

Company Overview - Enthusiast Gaming Holdings Inc. is a leading digital publisher focused on creating tools, platforms, and experiences for gamers [3] - The company owns a portfolio of digital properties, including U.GG, Icy-Veins, TheSimsResource, PocketGamer, Addicting Games, and Fantasy Football Scout, as well as the B2B event series PocketGamer Connects [3] - Revenue is generated through programmatic advertising, subscriptions, and events, with a focus on expanding owned intellectual property and enhancing direct audience engagement [3] Upcoming Events - The annual general meeting of Enthusiast Gaming is scheduled to be held virtually on October 28, 2025 [1] - The Toronto Stock Exchange has granted an extension for the company to hold its annual general meeting by this date [2] - Meeting materials will be available on the company's profile on SEDAR+ and its website around September 26, 2025 [2]

Company Overview - Enthusiast Gaming Holdings Inc. is a leading digital publisher focused on creating tools, platforms, and experiences for gamers [3] - The company owns and operates a portfolio of digital properties, including U.GG, Icy-Veins, TheSimsResource, PocketGamer, Addicting Games, and Fantasy Football Scout, as well as the B2B event series PocketGamer Connects [3] - Revenue is generated through programmatic advertising, subscriptions, and events, with a focus on expanding owned intellectual property and enhancing direct audience engagement [3] Annual General Meeting - The annual general meeting is scheduled to be held virtually on October 28, 2025 [1] - The Toronto Stock Exchange has granted an extension for the meeting to be held on or before this date [2] - Meeting materials will be available on the company's profile on SEDAR+ and its website around September 26, 2025 [2]

Core Insights - Enthusiast Gaming Holdings Inc. has announced significant updates to its casual gaming platform, Addicting Games, focusing on a modern, mobile-first design aimed at cross-platform growth [1][5] Platform Enhancements - The platform refresh includes a cleaner design, streamlined navigation, and optimized performance, enhancing the experience for over one million monthly players [2][3] - Key enhancements feature faster load times, a modernized UI/UX, and new mobile-optimized features, making it easier for users to access gameplay [3] Strategic Positioning - Addicting Games is a vital part of Enthusiast Gaming's portfolio, creating synergies with the PocketGamer brand, which is a leading mobile gaming destination [4] - The company aims to leverage the growth of casual and mobile gaming, creating a connected ecosystem that enhances engagement and monetization opportunities [5] Company Overview - Enthusiast Gaming focuses on building tools and platforms for gamers, generating revenue through programmatic advertising, subscriptions, and events, while expanding its owned IP [6]

Core Viewpoint - Enthusiast Gaming has completed the sale of its Direct Sales Business Line to Vertiqal Studios Corp, marking a strategic shift towards focusing on core strengths and growth opportunities in the gaming sector [1][2]. Transaction Details - The transaction closed on August 30, 2025, with Vertiqal Studios acquiring the Direct Sales Business Line, including Omnia Media Inc. and GameCo Esports Canada Inc., for cash consideration of C$900,000 [1][2]. - VSC will assume all existing liabilities of the Direct Sales Business Line, which had a net liability position of approximately US$2.6 million as of June 30, 2025 [2]. Financial Impact - The transaction is expected to yield approximately C$10 million in annual cost savings, leading to significant improvements in Adjusted EBITDA and over C$4.5 million in balance sheet enhancement [3]. Strategic Focus - Post-transaction, the company aims to operate and expand its profitable digital asset portfolio, which includes notable gaming properties and a global B2B event series [4][5]. - The company is committed to building tools and platforms that enhance gaming experiences and is focused on expanding its intellectual property and audience engagement [2][5].