Brag House Holdings Inc(TBH)

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Brag House, Florida Gators Athletics, and Learfield Successfully Launch Inaugural Brag Gators Gauntlet at University of Florida
Globenewswire· 2025-05-22 12:30
Core Insights - Brag House Holdings, Inc. successfully launched the Brag Gators Gauntlet series, a digital engagement platform that merges gaming, college sports, and digital media, with the first event held on May 17, 2025 [1][3] Group 1: Event Details - The inaugural event featured a Fortnite tournament with a baseball-inspired scoring format, open to students and alumni from the University of Florida and the University of Alabama, attracting nearly 300 registrations for a capacity of 100 competitors [2] - The event served as a digital tailgate leading into a college baseball game, where the Florida Gators achieved a 9–3 victory over Alabama [1][2] Group 2: Participant Experience - The tournament was won by Michael Yencik, a University of Florida student, who expressed excitement about the event and its connection to school spirit [3] - The event was designed to enhance game day experiences and foster community among participants [3] Group 3: Strategic Vision - Brag House aims to integrate Name, Image, and Likeness (NIL) opportunities and scalable digital experiences tailored to Gen Z audiences, with plans for more activations at select universities in 2025 [3][4] - The initiative reflects a broader strategy to merge college sports with interactive digital gaming formats, enhancing fan engagement for students, alumni, and brand partners [4] Group 4: Company Overview - Brag House is a media technology gaming platform focused on transforming casual college gaming into a community-driven experience, providing live-streaming, gamification features, and custom tournament services [4] - The company aims to connect brands with the influential Gen Z demographic through engaging digital experiences [4] Group 5: Learfield Overview - Learfield is a leading media and technology company in college athletics, leveraging data and relationships to drive revenue and fan engagement for brands and sports properties [5] - The company has connections with over 1,200 collegiate institutions and 12,000 brand partners, enhancing the reach and influence in college sports [5]
Brag House CEO Lavell Juan Malloy II Featured in Authority Magazine's “Startup Revolution” Series
GlobeNewswire News Room· 2025-05-15 12:30
Core Insights - Brag House Holdings, Inc. is positioned as a leading Gen Z engagement platform that integrates gaming, college sports, and social interaction, aiming to redefine how Gen Z connects with brands and communities [1][2][3] Company Overview - The company is focused on transforming casual college gaming into a vibrant, community-driven experience, providing an inclusive environment for casual gamers while enabling brands to connect authentically with Gen Z [5] - Brag House offers features such as live-streaming capabilities, gamification, and custom tournament services to foster engagement between users and brands [5] Leadership and Vision - CEO and Co-Founder Lavell Juan Malloy II emphasizes the creation of a new digital sports medium tailored to Gen Z, merging gameplay with school spirit and utilizing real-time analytics for effective brand engagement [3][4] - The company is committed to building a powerful framework that enhances brand precision, authenticity, and return on investment (ROI) when reaching Gen Z [3] Strategic Initiatives - Brag House is executing a multi-university activation roadmap in partnership with Learfield, focusing on platform enhancements, branded experiences, and NIL-integrated content to scale revenue and user base [4] - New initiatives include the Brag Gators Gauntlet series and a subscription-based insights product aimed at helping brands connect with Gen Z in a privacy-first, data-rich manner [7]
Brag House Holdings, Inc. Files Form 10-K and Reaffirms Strategic Vision for Gen Z Engagement Through Gaming
Globenewswire· 2025-05-08 12:30
Core Viewpoint - Brag House Holdings, Inc. is focused on redefining digital engagement for casual college gamers and brands targeting the Gen Z demographic through a unique digital platform that combines gaming, school spirit, and interactive experiences [2][3][4]. Strategic Initiatives - The company has launched a strategic partnership with Learfield, starting with Florida Gators Athletics, aimed at creating a new digital sports medium for Gen Z [3][4]. - The debut activation, the Brag Gator Gauntlet, is set to begin in May 2025 at the University of Florida, integrating Brag House's platform with Learfield's collegiate network [5]. Revenue Generation and Marketing Strategy - The partnership with Learfield is expected to generate significant revenue opportunities and will be scaled across over 200 collegiate institutions [3][4]. - The company aims to create high-ROI advertising opportunities through student-led tournaments and influencer-driven campaigns, enhancing brand engagement with Gen Z [5][6]. Development and Growth Focus - Brag House is committed to strategic investments in infrastructure while maintaining cost controls, with a focus on high-impact, revenue-producing milestones [6]. - The company plans to advance key platform technology modules and leverage proprietary data for brand-focused SaaS revenue generation [8]. Community Engagement and Features - The platform offers live-streaming capabilities, gamification features, and custom tournament services, fostering meaningful engagement between users and brands [9]. - Initiatives include NIL-integrated content featuring student-athletes and branded loyalty tokens to enhance authenticity and school pride [7].
Brag House Holdings Inc(TBH) - 2024 Q4 - Annual Report
2025-05-07 21:27
Revenue Generation and Business Model - The company generated approximately $667,000 in revenue from 27 major tournaments, with seven sponsored by Fortune 500 companies[42]. - For 2025, tournaments and sponsorships are expected to constitute approximately 99% of total revenue, while subscriptions and merchandise will account for about 1%[43]. - The company plans to launch a paid subscription service in Q4 2025, offering four membership tiers with monthly fees ranging from $2.99 to $7.99[56]. - The revenue model primarily generates income from B2B tournaments and tertiary fees, with a focus on implementing a direct-to-consumer model for future growth[136]. - The company estimates that its monthly paid members can generate between $25 and $95 in annual revenue per member, excluding one-off purchases[77]. - Partnerships accounted for 99% of Brag House's revenue as of March 31, 2025[71]. - As of March 31, 2025, partnerships with major clients like McDonald's and Coca-Cola accounted for 99% of the company's revenue, highlighting the critical nature of these relationships[182]. - The company generates a growing portion of its revenue from advertising and sponsorship, which is expected to expand as online viewership increases[185]. User Engagement and Growth - Brag House has achieved nearly 1,400,000 video views of its content across platforms, representing a 148% year-over-year increase from 2020 to 2024[28]. - Brag House anticipates a user growth rate increase in 2025, aiming to convert viewers into subscribers and consumers to boost revenue from subscriptions and in-app purchases[47]. - The company had nearly 2,000 Bragger members as of March 31, 2025, indicating a growing user base[56]. - Women represent 45% of all U.S. gamers, highlighting a key demographic that Brag House aims to engage through its platform[39]. - Approximately 30% of the company's member users are women, who account for nearly 40% of its reach and views, indicating a higher diversity compared to other esports platforms[99]. - The company aims to expand its community of casual gamers, which represents more than 99% of all gamers globally, presenting a significant growth opportunity[82]. - The company must maintain a vibrant community culture to retain and expand its gamer community, which is critical for its success[140]. Strategic Partnerships and Collaborations - Brag House's strategic partnership with Learfield will provide access to media rights across nearly 200 universities, enhancing physical and digital activations[30]. - The company has secured a strategic partnership with Learfield Communications, focusing on sales representation for sponsorship opportunities, with revenue sharing based on services and assets[68][69]. - The company has finalized three major partnership agreements, including one with Learfield, a billion-dollar media company, to leverage its college network for sponsorship revenue and data insights[124]. Technology and Data Insights - The company plans to launch a proprietary machine learning-based SaaS platform for anonymized predictive data insights into Gen Z behavior, with a beta version expected in Q1 2026[31]. - The company has developed proprietary predictive data models to provide brands with in-depth insights into Gen Z consumer behavior, enhancing B2B partnerships[83]. - The future revenue model will offer brands access to insights derived from anonymized user data, expected to be implemented in Q1 2026[52]. Financial Performance and Risks - The company incurred a net loss of $3,288,519 for the year ended December 31, 2024, compared to a net loss of $4,672,348 for the year ended December 31, 2023, with an accumulated deficit of $14,647,702 as of December 31, 2024[119]. - The company has experienced significant growth since launching its gaming platform, but its historical growth rate may not predict future performance due to a limited operating history[132]. - The company faces intense competition in the esports industry, with established leagues and emerging startups potentially impacting revenue and profitability[141]. - Economic downturns and market conditions could adversely affect the company's financial performance, particularly in the entertainment and esports industries[125]. - The company has incurred operating losses to date, raising doubts about its ability to continue as a going concern without sufficient funding[119]. - The company may be required to pay up to $5 million to counterparties under certain agreements, which could adversely affect its liquidity and financial condition[222][223]. Compliance and Regulatory Challenges - The company faces regulatory risks related to user privacy, data collection, and online commerce, which could impact its operations and financial performance[187]. - Non-compliance with the GDPR could result in monetary penalties of up to €20 million or 4% of annual worldwide revenue, whichever is higher[192]. - The U.K. implemented GDPR-complementary legislation with penalties for noncompliance of up to £17.5 million or 4% of worldwide revenues, creating uncertainty in data transfer regulations[193]. - Ongoing compliance with evolving data protection laws requires significant time and resources, impacting operational efficiency[194]. Operational and Cybersecurity Risks - The company faces cyber risks that could disrupt operations and degrade user experience, potentially leading to significant legal and financial exposure[162]. - Any failure in the company's IT and data security infrastructure could adversely impact business operations and reputation[161]. - Data security breaches could result in legal liabilities and harm the company's profitability and reputation[160]. - The company has a material weakness related to the lack of cybersecurity policies and procedures, which could negatively impact operations[218]. Market Trends and Industry Insights - The global esports market generated over $2 billion in annual revenue in 2024, with the U.S. contributing nearly 45% ($871 million)[36]. - Esports viewership is projected to exceed 640 million spectators worldwide in 2025, with U.S. viewership estimated at 81 million in 2024, reflecting a 9% growth from 2021[37]. - The esports industry is expected to grow at a compound annual growth rate of 20.7%, potentially reaching $9.29 billion by 2032[36]. - The company operates through eight primary marketing channels, including a Collegiate Leads Program aimed at increasing brand awareness on college campuses across the U.S.[1]. Internal Controls and Governance - The company has identified material weaknesses in its internal control over financial reporting as of December 31, 2024, and 2023, which could lead to material misstatements in financial statements[218]. - The company expects to complete its remediation plan for identified weaknesses within the next 12 months, but cannot assure successful remediation[220]. - The company has not tested the effectiveness of its internal control over financial reporting, raising concerns about future compliance[220].
Brag House, Florida Gators Athletics, and Learfield Announce Strategic Partnership to Create New Digital Sports Medium for Gen Z
Globenewswire· 2025-04-28 12:30
Core Insights - Brag House Holdings, Inc. has launched a strategic partnership with Florida Gator Athletics and Learfield to create the Brag Gator Gauntlet Series, a digital sports medium aimed at engaging Gen Z through gaming and college sports [1][2][3] - The initiative combines digital and in-person gaming experiences with real-world sports events, allowing students and fans to engage with their favorite teams in innovative ways [2][4] - The partnership aims to redefine fan engagement by providing brands with scalable opportunities to connect with college communities and generate measurable returns on investment [4][5] Company Overview - Brag House is positioned as a leading media technology gaming platform that merges gaming, social interaction, and technology to create a community-driven experience for casual gamers [9] - The company focuses on transforming college gaming into an engaging environment, enabling brands to connect authentically with the influential Gen Z demographic [9] - Learfield serves as a media and technology company that powers college athletics, leveraging extensive data and relationships to enhance revenue, brand awareness, and fan engagement [10] Future Plans - Following the initial activation with the Florida Gators, Brag House and Learfield plan to expand the model to 10 additional campuses in 2025, with a goal of reaching 50 campuses by the end of 2026 [7]
Brag House Provides Update on Status of Form 10-K Filing and Reiterates Commitment to SEC Compliance Obligations
Globenewswire· 2025-04-23 20:15
Group 1 - Brag House Holdings, Inc. is a media-tech platform focused on gaming, college sports, and social interaction, currently preparing its Form 10-K for the fiscal year ended December 31, 2024 after its IPO in March 2025 [1][2] - The company received a notice from Nasdaq on April 17, 2025, indicating non-compliance with periodic filing requirements due to the delayed filing of its 2024 Form 10-K, which was due by April 15, 2025 [2] - Brag House is committed to legal compliance and corporate governance while focusing on upcoming revenue-generating tournaments and overall business momentum [3] Group 2 - Brag House aims to transform casual college gaming into a community-driven experience by integrating gaming, social interaction, and technology, targeting the influential Gen Z demographic [4] - The platform offers features such as live-streaming, gamification, and custom tournament services to enhance user engagement and brand connection [4]