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 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].

Core Points - Enthusiast Gaming Holdings Inc. has entered into a binding letter of intent with Vertiqal Studios Corp. to acquire its Direct Sales Business Line for cash consideration of C$900,000 [1][2] - The transaction includes the assumption of all existing and ongoing 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] - The closing of the transaction is expected to occur on or about September 5, 2025 [3] Company Overview - Enthusiast Gaming builds tools, platforms, and experiences for gamers, operating a portfolio of digital properties including U.GG, Icy-Veins, and others [4] - The company generates revenue through programmatic advertising, subscriptions, and events, focusing on expanding its owned intellectual property and enhancing direct engagement with its audience [4]

Core Insights - Enthusiast Gaming Holdings Inc. reported a significant decline in revenue for Q2 2025, totaling $10.0 million, down 32% from $14.7 million in Q2 2024, primarily due to decreases in direct sales and the Omnia video platform [6][8][10] - The company is focusing on its core gaming platforms and has decided to exit non-core segments, which were the main source of losses, to enhance operational efficiency and profitability [3][11] Financial Highlights - Revenue for Q2 2025 was $10.0 million, a decrease of 32% compared to $14.7 million in Q2 2024 [6][8] - Gross profit decreased to $8.0 million from $9.7 million in Q2 2024, but gross margin improved to 80.0% from 66.2% [6][9] - Operating expenses were reduced to $10.6 million, down from $11.6 million in Q2 2024, reflecting cost-saving initiatives [6][9] - Adjusted EBITDA loss increased to $1.4 million from a loss of $0.4 million in Q2 2024, driven by decreased gross profit [6][9] - The net loss for Q2 2025 was $39.8 million, compared to $2.9 million in Q2 2024, which included non-cash impairment charges of $45.3 million [10][11] Business Highlights - U.GG experienced a 39% growth in programmatic yield in Q2 2025 compared to Q1 2025, supported by ad tech optimizations [6] - Icy Veins continued to perform strongly, launching expanded coverage for new titles and enhancing its traffic and yield [6] - The Sims Resource launched a new LookBuilder tool to enhance user engagement [6] - PocketGamer.com saw a year-over-year growth of over 26% in pageviews in Q2 2025, serving over 10 million active users [6] Strategic Updates - The company is divesting its direct sales business line and related creative assets, focusing on a product-first strategy [11] - Enthusiast Gaming plans to strengthen its balance sheet and will provide updates to shareholders as milestones are reached [11]