Tearsheet

Allied Gaming & Entertainment (AGAE)

Market Price (12/24/2025): $0.4068 | Market Cap: $15.5 Mil
Sector: Communication Services | Industry: Movies & Entertainment

Allied Gaming & Entertainment (AGAE)

Market Price (12/24/2025): $0.4068
Market Cap: $15.5 Mil
Sector: Communication Services
Industry: Movies & Entertainment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -100%	Weak multi-year price returns 2Y Excs Rtn is -116%, 3Y Excs Rtn is -138%	Penny stock Mkt Price is 0.4
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -83%		Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -23 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -289%
2	Megatrend and thematic drivers Megatrends include Esports & Gaming Entertainment. Themes include Esports Event Production, Esports Venues & Arenas, and Esports Content Creation.		Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -14%, Rev Chg QQuarterly Revenue Change % is -15%
3			Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.7%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -56%
4			Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -140%
5			High stock price volatility Vol 12M is 131%
6			Key risks AGAE key risks include [1] costly litigation from an ongoing shareholder dispute, Show more.

0	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -100%
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -83%
2	Megatrend and thematic drivers Megatrends include Esports & Gaming Entertainment. Themes include Esports Event Production, Esports Venues & Arenas, and Esports Content Creation.
3	Weak multi-year price returns 2Y Excs Rtn is -116%, 3Y Excs Rtn is -138%
4	Penny stock Mkt Price is 0.4
5	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -23 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -289%
6	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -14%, Rev Chg QQuarterly Revenue Change % is -15%
7	Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.7%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -56%
8	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -140%
9	High stock price volatility Vol 12M is 131%
10	Key risks AGAE key risks include [1] costly litigation from an ongoing shareholder dispute, Show more.

Valuation, Metrics & Events

	12/24/25	2024	2023	2022	2021
Share Price CYE	$0.41	$0.79	$1.06	$1.05	$1.71
Market Cap CYE ($ Mil)	15.5	33.5	39.0	41.0	66.8
Total Debt ($ Mil)	39.6	31.4	16.3	7.8	0.0
Total Cash ($ Mil)	56.0	71.5	72.8	81.2	92.9
Enterprise Value ($ Mil)	-0.9	64.9	55.3	48.8	66.8
Valuation Ratios
P/S TTM	2.0	3.5	5.2	6.5	13.5
P/EBIT TTM	-0.7	-2.4	-6.0	-3.6	-4.2
P/E TTM	-0.7	-1.9	-11.5	-3.8	1.1
P/FCF TTM	-3.5	-2.6	-4.3	-3.7	-6.5
Sector Ratios
P/S TTM (Sector)	1.0	1.1	1.1	1.2	2.0
P/EBIT TTM (Sector)	1.6	1.7	0.6	1.1	4.7
P/E TTM (Sector)	-0.9	-0.9	-0.6	-0.3	4.3
P/FCF TTM (Sector)	6.6	7.5	6.5	3.1	5.8

	12/24/25	2024	2023
Share Price CYE	$0.41	$0.79	$1.06
Market Cap CYE ($ Mil)	15.5	33.5	39.0
Total Debt ($ Mil)	39.6	31.4	16.3
Total Cash ($ Mil)	56.0	71.5	72.8
Enterprise Value ($ Mil)	-0.9	64.9	55.3
Valuation Ratios
P/S TTM	2.0	3.5	5.2
P/EBIT TTM	-0.7	-2.4	-6.0
P/E TTM	-0.7	-1.9	-11.5
P/FCF TTM	-3.5	-2.6	-4.3
Sector Ratios
P/S TTM (Sector)	1.0	1.1	1.1
P/EBIT TTM (Sector)	1.6	1.7	0.6
P/E TTM (Sector)	-0.9	-0.9	-0.6
P/FCF TTM (Sector)	6.6	7.5	6.5

	AGAE	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	0.0
Rev Chg Q	-14.6%	7.3%
Rev Chg LTM	-14.2%	6.1%
Rev Chg 3Y Avg	6.0%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	-0.0
CFO LTM ($ Bil)	-0.0
Net Inc LTM ($ Bil)	-0.0
Op Mgn LTM	-288.6%	18.8%
CFO/Rev LTM	-2.7%	20.4%
Net Inc Mgn	-280.1%	13.1%
VALUATION	MODERATE
P/S	2.1	3.2
P/CFO	-78.3	15.7
P/FCF	-3.7	20.6
P/E	-0.7	23.5
STABILITY	FAIR
Debt/Equity	2.40	0.21
Cash/Assets	0.52	0.07

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Metric	Value	Date	Source
Number of Proprietary Events	36	6302025	Link
Number of Third-Party Event Days	39	6302025	Link

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AGAE Stock

Return (1M):

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Why The Stock Moved

Qualitative Assessment

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Here are key points explaining the significant stock movement for Allied Gaming & Entertainment (AGAE): 1. Allied Gaming & Entertainment reported a substantial shift from net income to a net loss. In the third quarter of 2024, the company announced a net loss of $4.0 million, a significant decline compared to a net income of $0.1 million in the third quarter of 2023.

2. The company incurred a $3 million loss from the settlement of a prior escrow agreement. This loss was due to the settlement of a 2020 escrow agreement with BPR Cumulus LLC, impacting profitability in Q3 2024.

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Stock Movement Drivers

Fundamental Drivers

The -54.4% change in AGAE stock from 9/24/2025 to 12/24/2025 was primarily driven by a -53.9% change in the company's P/S Multiple.

	9242025	12242025	Change
Stock Price ($)	0.94	0.43	-54.38%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	8.25	7.94	-3.84%
P/S Multiple	4.49	2.07	-53.94%
Shares Outstanding (Mil)	39.31	38.17	2.91%
Cumulative Contribution			-54.42%

LTM = Last Twelve Months as of date shown

Market Drivers

9/24/2025 to 12/24/2025

	Return	Correlation
AGAE	-54.6%
Market (SPY)	4.4%	39.4%
Sector (XLC)	0.6%	16.5%

Fundamental Drivers

The -86.1% change in AGAE stock from 6/25/2025 to 12/24/2025 was primarily driven by a -85.7% change in the company's P/S Multiple.

	6252025	12242025	Change
Stock Price ($)	3.10	0.43	-86.13%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	9.08	7.94	-12.57%
P/S Multiple	14.42	2.07	-85.67%
Shares Outstanding (Mil)	42.24	38.17	9.63%
Cumulative Contribution			-86.26%

LTM = Last Twelve Months as of date shown

Market Drivers

6/25/2025 to 12/24/2025

	Return	Correlation
AGAE	-86.2%
Market (SPY)	14.0%	22.3%
Sector (XLC)	12.6%	18.7%

Fundamental Drivers

The -43.4% change in AGAE stock from 12/24/2024 to 12/24/2025 was primarily driven by a -32.4% change in the company's P/S Multiple.

	12242024	12242025	Change
Stock Price ($)	0.76	0.43	-43.43%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	9.26	7.94	-14.24%
P/S Multiple	3.06	2.07	-32.36%
Shares Outstanding (Mil)	37.22	38.17	-2.55%
Cumulative Contribution			-43.47%

LTM = Last Twelve Months as of date shown

Market Drivers

12/24/2024 to 12/24/2025

	Return	Correlation
AGAE	-43.7%
Market (SPY)	15.8%	12.7%
Sector (XLC)	20.1%	10.4%

Fundamental Drivers

The -57.9% change in AGAE stock from 12/25/2022 to 12/24/2025 was primarily driven by a -63.3% change in the company's P/S Multiple.

	12252022	12242025	Change
Stock Price ($)	1.02	0.43	-57.85%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	7.08	7.94	12.12%
P/S Multiple	5.63	2.07	-63.30%
Shares Outstanding (Mil)	39.09	38.17	2.37%
Cumulative Contribution			-57.88%

LTM = Last Twelve Months as of date shown

Market Drivers

12/25/2023 to 12/24/2025

	Return	Correlation
AGAE	-69.0%
Market (SPY)	48.9%	13.6%
Sector (XLC)	65.9%	10.5%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
AGAE Return	-39%	8%	-39%	1%	-25%	-49%	-84%
Peers Return	�	�	-70%	16%	-30%	9%	�
S&P 500 Return	16%	27%	-19%	24%	23%	18%	115%
Monthly Win Rates [3]
AGAE Win Rate	33%	42%	25%	58%	42%	25%
Peers Win Rate	�	25%	28%	45%	42%	50%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
AGAE Max Drawdown	-65%	-8%	-47%	-23%	-37%	-57%
Peers Max Drawdown	�	�	-76%	-43%	-44%	-34%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: GAME, SKLZ, MSGM, DKNG, PENN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)

How Low Can It Go

Unique Key	Event	AGAE	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-78.2%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	357.9%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-77.1%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	335.9%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	Not Fully Recovered days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-77.3%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	341.2%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	Not Fully Recovered days	120 days

Compare to NFLX, ANGX, PSKY, DIS, WMG

In The Past

Allied Gaming & Entertainment's stock fell -78.2% during the 2022 Inflation Shock from a high on 3/19/2021. A -78.2% loss requires a 357.9% gain to breakeven.

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About Allied Gaming & Entertainment (AGAE)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Allied Esports Entertainment Inc., a premier public esports and entertainment company, engages in the Allied Esports and World Poker Tour (WPT) businesses worldwide. It operates esports properties to connect players and fans through a network of connected arenas; a flagship gaming arena located at the Luxor Hotel in Las Vegas, Nevada; a mobile esports truck that serves as a battleground and content generation hub; and a studio for recording and streaming gaming events. The company also operates ClubWPT, an online poker club; PlayWPT, a web and mobile social poker product; and Alpha8, a social poker product. In addition, it engages in the brand and music licensing business. Allied Esports Entertainment Inc. was founded in 2018 and is headquartered in Irvine, California.

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Here are 1-3 brief analogies for Allied Gaming & Entertainment (AGAE):

Live Nation Entertainment for esports
ESPN for esports

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Esports Entertainment Production: Allied Gaming & Entertainment produces and broadcasts competitive video game (esports) events, tournaments, and leagues.
Gaming Venues & Experiences: The company operates dedicated gaming arenas and facilities, offering immersive entertainment experiences and hosting events for gamers and fans.
Digital Content & Media: AGAE creates and distributes a variety of digital content related to gaming and esports, including streaming productions, shows, and other media offerings.

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Allied Gaming & Entertainment (symbol: AGAE) primarily sells to other companies (B2B) through corporate sponsorships, media rights deals, and partnerships for event production.

Its major customers fall into the following categories:

Sponsorship Brands: Companies that pay to advertise their products or services through association with Allied Gaming & Entertainment's venues, events, and content. These sponsorships are a significant revenue driver.
- Example: HyperX (a brand of HP Inc., NASDAQ: HPQ)
- Example: Razer (OTC: RAZFF; HKEX: 1337.HK)
- Other brands often partner for specific events (e.g., McDonald's, T-Mobile in past events).
Media and Streaming Platforms: Companies that acquire media rights to broadcast or distribute Allied Gaming & Entertainment's esports content and events to their audiences.
- Example: Twitch (a subsidiary of Amazon, NASDAQ: AMZN)
- Example: YouTube Gaming (a subsidiary of Alphabet, NASDAQ: GOOGL)
Game Publishers and Developers: Companies that partner with Allied Gaming & Entertainment to produce, host, and operate tournaments and events for their video game titles.
- Example: Riot Games (a subsidiary of Tencent Holdings, OTC: TCEHY)
- Example: Activision Blizzard (now a subsidiary of Microsoft, NASDAQ: MSFT)

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MGM Resorts International (MGM)

Microsoft (MSFT)

Riot Games

Twitch

YouTube

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Yangyang Li

Chief Executive Officer, President, and Chairman of the Board

Yangyang Li assumed the role of Chief Executive Officer of Allied Gaming & Entertainment in June 2025, while also serving as President and Chairman of the Board. He has been a director of the company since 2021 and Chairman since December 2021. Mr. Li served as Chairman and Executive Director of Ourgame International Holdings Limited from June 2020 to March 2022. In 2001, he was Assistant President to China Great Wall Industry Corporation. He founded the Business Media China Group (Frankfurt Stock Exchange: BMC) in 2003 and served as its CEO in 2005, a company that achieved a market value exceeding 5 billion RMB. Additionally, he served as Chairman of the Board of Directors of Elephant Media Group in 2008 and has been Chairman of the Board of Directors of World Business Services Union and Choi Shun Investment since 2014.

Roy Anderson

Chief Financial Officer and Secretary

Roy Anderson has served as the Chief Financial Officer and Secretary of Allied Gaming & Entertainment since October 2021. With over 25 years of experience, Mr. Anderson is a senior finance executive with extensive expertise in financial management, reporting, accounting, internal controls, and risk management. Prior to joining Allied Gaming & Entertainment, he was a partner with Mazars USA, an international accounting firm, from May 2005 to October 2021. In this capacity, he provided strategic advice to executives and investors of companies within the Technology, Media, and Telecommunications (TMT) sectors, working with entities ranging from startups to those with over $500 million in revenue. His client portfolio at Mazars included companies involved in online media, entertainment, gaming, events, digital marketing, SaaS platforms, e-commerce, AI, and cybersecurity. Mr. Anderson is a Certified Public Accountant (CPA).

Yinghua Chen

Chief Executive Officer, Allied Esports International

Yinghua Chen serves as the Chief Executive Officer of Allied Esports International, a wholly-owned subsidiary of Allied Gaming & Entertainment. She previously held the position of CEO for Allied Gaming & Entertainment until June 2025, at which point she transitioned to a senior strategic role within the parent company. Ms. Chen is a co-founder of Aupera Technologies, a video AI technology company, where she led business strategy, corporate financing, and strategic partnerships, successfully securing multiple funding rounds, including investment from Advanced Micro Devices (Nasdaq: AMD). Her prior experience includes serving as Executive Vice President of Anthill Resources, a natural resources investment company in Canada. She also acted as Managing Director for The Cavendish Group, a UK media company, where she established and managed subscription networks across various industries. Ms. Chen was a key member of the founding team at The Balloch Group, a consulting and investment banking firm that was later acquired by Canaccord Genuity, focusing on transactions in the financial, media, resources, and pharmaceutical industries.

Jingsheng Lu

Independent Director

Jingsheng Lu has served as an Independent Director of Allied Gaming & Entertainment since 2021. He is currently the Chairman, Chief Executive Officer, and Executive Director of Ourgame. Prior to his current roles, he served as a director of Zhejiang Xiangyuan Culture Co., Ltd., a listed company in China. From 2015 to 2017, Mr. Lu was co-CEO of Xiamen Xtone Animation Co., Ltd., and spearheaded its merger by Xiangyuan Culture in 2014. He also held the position of CFO for Beijing International Advertising & Communication Group from 2018 to 2019. Earlier in his career, he served as a senior audit manager at Deloitte China for six years and at Deloitte US for two years between 2001 and 2010. Mr. Lu is a non-practicing certified public accountant in China and a member of the American Institute of Certified Public Accountants.

Guanzhou (Jerry) Qin

Independent Director

Guanzhou (Jerry) Qin has been an Independent Director of Allied Gaming & Entertainment since 2021. Since November 2021, he has served as the CFO of Novlead Inc. From February 2020 to November 2021, Mr. Qin was the Finance Director of Content Business at Tencent Holdings. He also served as the Head of Finance at Aibee Inc., an artificial intelligence startup, from September 2018 to February 2020. Between June 2012 and August 2018, Mr. Qin was the Senior Finance Director for APAC at TripAdvisor and Glu Mobile. His earlier experience includes serving as Finance Controller at J&J China and Motorola China from 2003 to 2009. Mr. Qin brings strong management skills from Fortune 500 companies and hands-on experience in high-tech startups.

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The key risks to Allied Gaming & Entertainment (AGAE) include:

Shareholder Activism and Related Litigation: Allied Gaming & Entertainment has been engaged in an ongoing dispute with a dissident shareholder, Knighted Pastures, since early 2024. This shareholder activism has led to increased legal expenses, contributing to the company's losses, and has the potential to disrupt business operations and strategic direction. Litigation risks, including those stemming from shareholder activism, could result in significant expenses and impact the execution of business strategy.
Financial Performance and Profitability Challenges: The company has historically operated at a net loss and has reported increased losses in recent periods. For example, in the first quarter of 2025, the net loss was substantially higher than the previous year, partly due to multi-million dollar legal fees from the shareholder dispute. While some revenue growth has been noted in specific segments like casual mobile gaming, overall revenues have experienced declines in some quarters, and general and administrative expenses have surged. The company's management also believes its current market valuation is misaligned with its financial fundamentals, with the market capitalization being significantly lower than its net asset value and cash.
Risks in Executing Strategic Plans and Intense Industry Competition: Allied Gaming & Entertainment faces significant challenges in executing its new strategic and business plans. These include potential lack of experience in new markets, intense competition within the rapidly evolving esports and gaming industry, and difficulties in securing necessary partnerships and resources. The company's ability to adapt to technological changes and shifts in gamer trends is crucial to remaining competitive, and failure to do so could adversely affect its growth and profitability.

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The increasing trend of major game publishers internalizing esports operations and forming exclusive, large-scale partnerships for their titles. Publishers own the intellectual property of the games, and as the esports ecosystem matures, many are choosing to exert greater control over their competitive scenes. This includes organizing tournaments directly, building their own dedicated esports leagues and venues, or forging exclusive agreements with a limited number of major media or production partners. This reduces the opportunities for third-party organizers and venue operators like Allied Gaming & Entertainment (AGAE) to host events for popular titles, secure content rights, and attract top-tier competitive play to their venues. Should a publisher of a highly popular esports title decide to bring all related events, broadcasts, and league operations in-house or assign them exclusively to a competitor, it would directly undermine AGAE's ability to secure key content for its HyperX Arena Las Vegas and its content production business, mirroring how content owners like movie studios eventually launched their own streaming services, threatening traditional distributors.

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Allied Gaming & Entertainment (AGAE) operates in several sectors within the entertainment and gaming industry. The addressable markets for their main products and services are as follows:

Esports Arenas, Events, and Digital Content (Global): The global esports market size was valued at USD 1.44 billion in 2023 and is projected to grow to USD 6.63 billion by 2032, with a compound annual growth rate (CAGR) of 21.2% in the forecast period (2025-2032). Other estimates place the global esports market size at approximately USD 2.13 billion in 2024, projected to reach USD 7.46 billion by 2030. North America held a significant market share in 2023, capturing over 36.3% of the global esports market, equating to USD 0.83 billion in revenue.
Casual Mobile Gaming (Global): The global mobile gaming market is a significant component of the overall gaming market. In 2024, mobile gaming is estimated to account for 49% of the global games market revenue, reaching USD 92.6 billion, and growing at 3.0% year-on-year. The global gaming market itself was estimated at USD 298.09 billion in 2024 and is projected to reach USD 505.17 billion by 2030.
Live Events (Global): The global live events industry market was valued at USD 652.6 billion in 2022 and is projected to reach USD 1.2 trillion by 2032, exhibiting a CAGR of 5.9% from 2023 to 2032. Europe held a significant share of over 36% in the live events industry market in 2022.
Gaming Video Content (Global): The Global Gaming Video Content Market was valued at USD 7.31 billion in 2021 and is expected to surge to USD 31.63 billion by 2028, exhibiting a CAGR of 24.23% during the forecast period from 2021 to 2028.

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Allied Gaming & Entertainment (AGAE) anticipates several key drivers for its revenue growth over the next 2-3 years, stemming from strategic investments, new initiatives, and the expansion of its core offerings:

Growth in Casual Mobile Gaming through Z-Tech Integration: The company expects significant revenue growth from its casual mobile gaming segment, largely driven by the strategic investment in Z-Tech in the fourth quarter of 2023. This integration is projected to improve overall financial performance and enhance distribution capabilities for AGAE's mobile game catalog.
Increased In-Person Events and Demand at HyperX Arena: Allied Gaming & Entertainment has seen increased demand for in-person events at its HyperX Arena. The arena hosted a substantial number of event days in the third quarter of 2024, contributing to a rise in in-person event revenues, a trend expected to continue.
Expansion with the Launch of World Mahjong Tour: The introduction of new experiential entertainment offerings, such as the World Mahjong Tour events, is expected to accelerate revenue growth. The company's CEO has expressed confidence in this new venture's potential to boost both top and bottom lines.
Strategic Partnerships: A key part of AGAE's growth strategy involves forging strategic partnerships that are not capital-intensive. These collaborations are designed to unlock stockholder value and drive long-term growth by leveraging external opportunities.
Accretive Acquisitions and Investments: Allied Gaming & Entertainment plans to pursue accretive acquisitions and make investments in gaming, proprietary content IP, and live and experiential entertainment. This strategy aims to expand the company's portfolio and market reach, contributing to future revenue streams.

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Share Repurchases

On November 11, 2022, Allied Gaming & Entertainment's Board of Directors authorized a stock repurchase program of up to $10 million of its outstanding common stock, valid through November 17, 2024.
The company made share repurchases including $1.42 million in March 2023, $402.23K in June 2023, $172.73K in September 2023, and $30.69K in December 2023.
In December 2024, an additional $40.61K in share repurchases were made under the program.

Share Issuance

In March 2024, the company agreed to issue and sell 7,330,000 shares of its common stock for a total purchase price of $6,597,000 to Elite Fun.
In October 2024, Allied Gaming & Entertainment received a $6,600,000 investment from Yellow River Capital Group through the subscription of 6,000,000 shares of common stock. Yellow River also received a warrant to purchase up to 6,000,000 additional shares.

Inbound Investments

In October 2024, Yellow River Capital Group made a strategic investment of $6,600,000 in Allied Gaming & Entertainment, subscribing to 6,000,000 shares of common stock and receiving a warrant for up to 6,000,000 more shares.
A strategic purchase agreement with Blue Planet was terminated on April 25, 2025, where the Company agreed to refund $6,600,000, and Blue Planet transferred back shares and warrants.

Outbound Investments

On October 31, 2023, the Company acquired a 40% equity interest in Beijing Lianzhong Zhihe Technology Co., Ltd (Z-Tech), a developer and operator of casual mobile games, becoming its largest shareholder.
In September 2025, AGAE made an initial investment in Bitcoin (BTC) and Ethereum (ETH) as part of its corporate treasury management strategy to integrate cryptocurrency into its balance sheet.
The CEO of Allied Gaming & Entertainment has highlighted optimism regarding future strategies, including a new strategic investment in Angry Birds 3.

Capital Expenditures

As of December 31, 2023, the Company reported no material commitments for capital expenditures.

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		Best Bets In Communication Services Sector
	AGAE	META	TTD	MTCH	PINS	CARG	NXST	TGNA	T	UPWK	FWONA
What You Pay
P/E	-0.7	28.7	42.4	14.1	8.9	25.1	11.9	9.1	7.9	11.2	10.6
P/EBIT	-0.7	19.7	35.2	9.5	63.2	18.3	5.6	5.1	5.1	24.2	63.0
What You Get
Rev Chg Q	-14.6%	26.2%	17.7%	2.1%	16.8%	3.2%	-12.3%	-19.3%	1.6%	4.1%	19.1%
Rev Chg LTM	-14.2%	21.3%	20.8%	-0.5%	16.8%	4.2%	-1.4%	-2.7%	2.0%	2.5%	8.7%
Rev Chg 3Y Avg	6.0%	17.3%	23.5%	2.7%	13.6%	-15.9%	1.2%	-2.8%	1.1%	9.7%	16.5%
FCF/Rev 3Y Avg	-118.9%	29.0%	26.6%	25.8%	22.9%	18.6%	17.6%	17.4%	16.3%	15.4%	14.7%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 12%, alpha of 0.5%, and sharpe of 0.56

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Allied Gaming & Entertainment Earnings Notes
2	Is Allied Gaming & Entertainment Stock Built to Withstand More Downside?	Return

	Title
0	ARTICLES

Trade Ideas

Select ideas related to AGAE. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
PINS_11302025_Monopoly_xInd_xCD_Getting_Cheaper	11302025	PINS	Pinterest	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-0.4%	-0.4%	-1.4%
TMUS_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	TMUS	T-Mobile US	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-5.2%	-5.2%	-6.4%
Z_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	Z	Zillow	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-3.4%	-3.4%	-5.1%
IRDM_11072025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11072025	IRDM	Iridium Communications	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.7%	5.7%	-5.6%
TTD_10032025_Dip_Buyer_High_CFO_Margins_ExInd_DE	10032025	TTD	Trade Desk	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	-27.4%	-27.4%	-29.8%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
OMER	Omeros	0.9	75.5%	55.5%
DVAX	Dynavax Technologies	1.8	38.2%	20.4%
EWTX	Edgewise Therapeutics	2.9	25.5%	2.2%
AGIO	Agios Pharmaceuticals	1.7	18.6%	-11.2%
TVTX	Travere Therapeutics	3.6	13.9%	131.2%
KOD	Kodiak Sciences	1.6	13.2%	212.4%
RZLT	Rezolute	0.3	13.2%	-44.1%
UP	Wheels Up Experience	0.5	11.7%	-57.4%
FBYD	Falcons Beyond Global	0.7	9.5%	129.7%
BW	Babcock & Wilcox Enterprises	0.5	8.5%	226.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ASTS	AST SpaceMobile	18.9	-8.9%	269.9%
QBTS	D-Wave Quantum	9.4	-5.5%	227.6%
NNE	Nano Nuclear Energy	1.2	-4.6%	21.7%
MNMD	Mind Medicine	1.2	-4.2%	93.0%
PPTA	Perpetua Resources	2.0	-4.0%	149.1%
KOS	Kosmos Energy	0.4	-4.0%	-73.6%
FRMI	Fermi	5.5	-4.0%	-75.7%
EXOD	Exodus Movement	0.4	-3.9%	-50.5%
TLRY	Tilray Brands	10.8	-3.6%	-23.7%
AEHR	Aehr Test Systems	0.7	-3.1%	32.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	74.0%	55.5%
LUNR	Intuitive Machines	2.0	63.7%	-8.0%
AAOI	Applied Optoelectronics	2.6	51.1%	11.2%
FBYD	Falcons Beyond Global	0.7	47.2%	129.7%
FLY	Firefly Aerospace	3.8	45.9%	-55.2%
RKLB	Rocket Lab	39.8	43.0%	203.0%
DVAX	Dynavax Technologies	1.8	42.5%	20.4%
UAMY	United States Antimony	0.8	39.9%	258.8%
DJT	Trump Media & Technology	4.0	36.7%	-58.0%
RZLT	Rezolute	0.3	36.3%	-44.1%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
NOW	ServiceNow	31.7	-80.5%	-28.0%
TPL	Texas Pacific Land	6.8	-66.5%	-19.2%
LW	Lamb Weston	6.0	-28.6%	-34.8%
TLRY	Tilray Brands	10.8	-21.2%	-23.7%
INSP	Inspire Medical Systems	2.8	-19.1%	-48.4%
TDUP	ThredUp	0.8	-17.1%	354.7%
OLMA	Olema Pharmaceuticals	2.3	-15.8%	370.8%
IIPR	Innovative Industrial Properties	1.4	-12.9%	-15.7%
ABM	ABM Industries	2.6	-12.6%	-15.8%
FRMI	Fermi	5.5	-12.6%	-75.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
WVE	WAVE Life Sciences	3.0	144.6%	47.5%
TE	T1 Energy	1.1	124.5%	418.4%
ANF	Abercrombie & Fitch	6.0	93.2%	-15.2%
VERA	Vera Therapeutics	3.6	90.4%	31.6%
LUNR	Intuitive Machines	2.0	85.7%	-8.0%
AAOI	Applied Optoelectronics	2.6	82.5%	11.2%
RKLB	Rocket Lab	39.8	81.8%	203.0%
PL	Planet Labs PBC	6.2	76.1%	403.0%
NRGV	Energy Vault	0.8	66.9%	118.9%
FLY	Firefly Aerospace	3.8	60.4%	-55.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-44.1%
JANX	Janux Therapeutics	0.9	-54.6%	-73.3%
LENZ	LENZ Therapeutics	0.5	-46.3%	-40.6%
FRMI	Fermi	5.5	-45.2%	-75.7%
GOGO	Gogo	0.6	-34.1%	-43.0%
HPK	HighPeak Energy	0.6	-30.8%	-69.2%
ORIC	ORIC Pharmaceuticals	0.7	-28.5%	4.5%
FDMT	4D Molecular Therapeutics	0.5	-25.6%	45.4%
NKTR	Nektar Therapeutics	0.6	-25.1%	215.0%
LW	Lamb Weston	6.0	-24.8%	-34.8%

Peer Comparisons for Allied Gaming & Entertainment

Peers to compare with:

Financials

	AGAE	GAME	SKLZ	MSGM	DKNG	PENN	Median
Name	Allied G.	GameSqua.	Skillz	Motorspo.	DraftKin.	PENN Ent.
Mkt Price	0.43	0.44	4.67	3.15	34.45	14.63	3.91
Mkt Cap	0.0	0.0	0.1	0.0	17.1	2.1	0.1
Rev LTM	8	125	92	9	5,458	6,824	108
Op Inc LTM	-23	-33	-79	2	-307	225	-28
FCF LTM	-4	-80	-82	1	532	-212	-42
FCF 3Y Avg	-10	-42	-56	-6	78	-51	-26
CFO LTM	-0	-22	-76	1	668	504	1
CFO 3Y Avg	-8	-23	-49	-6	203	445	-7

Growth & Margins

	AGAE	GAME	SKLZ	MSGM	DKNG	PENN	Median
Name	Allied G.	GameSqua.	Skillz	Motorspo.	DraftKin.	PENN Ent.
Rev Chg LTM	-14.2%	105.8%	-13.1%	11.4%	18.5%	8.2%	9.8%
Rev Chg 3Y Avg	6.0%	55.8%	-32.9%	-11.2%	45.2%	2.3%	4.2%
Rev Chg Q	-14.6%	21.6%	11.4%	71.9%	4.4%	4.8%	8.1%
QoQ Delta Rev Chg LTM	-3.8%	1.6%	3.1%	16.0%	0.9%	1.2%	1.4%
Op Mgn LTM	-288.6%	-26.5%	-86.1%	21.4%	-5.6%	3.3%	-16.0%
Op Mgn 3Y Avg	-171.9%	-36.5%	-78.8%	-74.7%	-15.5%	4.9%	-55.6%
QoQ Delta Op Mgn LTM	-85.6%	-0.5%	8.0%	30.2%	0.5%	-0.3%	0.1%
CFO/Rev LTM	-2.7%	-18.0%	-82.1%	13.2%	12.2%	7.4%	2.4%
CFO/Rev 3Y Avg	-95.6%	-36.9%	-41.7%	-63.9%	3.0%	6.7%	-39.3%
FCF/Rev LTM	-56.1%	-64.2%	-88.5%	9.9%	9.7%	-3.1%	-29.6%
FCF/Rev 3Y Avg	-118.9%	-52.3%	-47.0%	-68.1%	0.1%	-0.8%	-49.6%

Valuation

	AGAE	GAME	SKLZ	MSGM	DKNG	PENN	Median
Name	Allied G.	GameSqua.	Skillz	Motorspo.	DraftKin.	PENN Ent.
Mkt Cap	0.0	0.0	0.1	0.0	17.1	2.1	0.1
P/S	2.1	0.3	0.8	1.8	3.1	0.3	1.3
P/EBIT	-0.7	-0.7	-0.9	5.4	-69.8	-4.7	-0.8
P/E	-0.7	-1.1	-0.9	5.0	-63.9	-2.3	-1.0
P/CFO	-78.3	-1.7	-0.9	13.8	25.6	4.2	1.6
Total Yield	-135.5%	-89.4%	-106.8%	19.9%	-1.6%	-43.0%	-66.2%
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
FCF Yield 3Y Avg	-23.2%	-108.2%	-48.9%	-84.2%	0.2%	-2.6%	-36.1%
D/E	2.4	0.0	1.8	0.0	0.1	5.3	1.0
Net D/E	-1.0	-0.1	-1.2	-0.2	0.0	5.0	-0.2

Returns

	AGAE	GAME	SKLZ	MSGM	DKNG	PENN	Median
Name	Allied G.	GameSqua.	Skillz	Motorspo.	DraftKin.	PENN Ent.
1M Rtn	5.2%	-9.6%	-12.5%	15.0%	17.0%	6.7%	6.0%
3M Rtn	-54.4%	-39.3%	-35.8%	10.1%	-19.8%	-25.7%	-30.7%
6M Rtn	-86.1%	-41.2%	-31.1%	15.0%	-19.4%	-15.9%	-25.3%
12M Rtn	-43.4%	-45.7%	-4.7%	160.3%	-10.7%	-19.3%	-15.0%
3Y Rtn	-57.9%	-90.0%	-55.6%	18.0%	198.8%	-52.0%	-53.8%
1M Excs Rtn	1.8%	-12.9%	-15.9%	11.6%	13.6%	3.4%	2.6%
3M Excs Rtn	-58.5%	-40.1%	-40.9%	7.2%	-24.7%	-30.1%	-35.1%
6M Excs Rtn	-98.8%	-53.1%	-44.1%	-0.7%	-31.3%	-32.7%	-38.4%
12M Excs Rtn	-58.1%	-60.2%	-13.8%	169.6%	-31.5%	-38.3%	-34.9%
3Y Excs Rtn	-137.9%	-171.7%	-143.3%	-62.2%	113.9%	-134.0%	-136.0%

FDIC Bank Data

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/19/2025	6/9/2025	3/28/2024	3/24/2023	5/26/2022	4/13/2021	3/16/2020
Key Financials
Total Revenue	8	9	8	6	5	3	8
EBITDA	-21	-12	-5	-9	-12	-37	-11
Operating Income	-23	-13	-7	-12	-16	-20	-13
Net Income	-22	-17	-3	-11	63	-45	-17
EPS	-0.55	-0.42	-0.09	-0.28	1.61	-1.57	-1.04
Growth Rates
Total Revenue Growth	-14.2%	18.6%	20.5%	28.2%	54.4%	-57.5%	∞%
EBITDA Growth	-126.9%	-131.3%	46.1%	24.0%	66.0%	-238.3%	-1214.1%
Operating Income Growth	-107.3%	-102.8%	42.8%	26.9%	21.1%	-48.9%	-1530.1%
Net Income Growth	-112.7%	-387.8%	68.3%	-117.2%	239.5%	-169.2%	-1566.8%
Margins
EBITDA Margin	-268.6%	-129.9%	-66.6%	-149.1%	-251.5%	-1140.7%	-143.4%
Operating Income Margin	-288.6%	-147.4%	-86.2%	-181.6%	-318.2%	-622.6%	-177.9%
Net Income Margin	-280.1%	-184.6%	-44.9%	-170.4%	1268.5%	-1403.3%	-221.8%
Cash & Debt
Total Cash	56	72	73	81	93	0	3
Total Debt	40	31	16	8	0	5	14
Net Debt / (Cash)	-16	-40	-57	-73	-93	4	11
Cash Flows
Net Cash from Operations	-0	-10	-8	-11	-10	-5	-8
Free Cash from Operations	-4	-12	-9	-11	-10	-6	-9
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	0	2	2	1	-0	-0	-0

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/19/2025	8/14/2025	7/7/2025	6/9/2025	11/14/2024	8/19/2024	5/20/2024	3/28/2024	11/9/2023	8/10/2023	5/11/2023	3/24/2023
Key Financials Quarterly
Total Revenue	2	2	2	2	2	3	2	2	1	3	1	1
Ebitda	-7	-6	-5	-4	-1	-5	-2	-1	-0	-1	-2	-2
Operating Income	-7	-6	-5	-4	-1	-5	-3	-2	-1	-1	-3	-3
Net Income	-5	-5	-5	-7	-4	-4	-2	-1	0	-1	-2	-2
EPS	-0.14	-0.12	-0.11	-0.18	-0.11	-0.09	-0.04	-0.03	0.00	-0.02	-0.05	-0.04
Key Financials TTM
Total Revenue TTM	8	8	9	9	9	8	9	8	7	7	5	6
Ebitda TTM	-21	-15	-14	-12	-9	-9	-5	-5	-6	-7	-9	-9
Operating Income TTM	-23	-17	-16	-13	-11	-11	-7	-7	-7	-8	-10	-12
Net Income TTM	-22	-21	-20	-17	-10	-6	-3	-3	-4	-6	-9	-11
Growth Rates Quarterly
Total Revenue Growth	-14.6%	-27.3%	-4.4%	-8.5%	93.2%	-19.2%	99.3%	70.4%	-28.5%	182.3%	-50.5%	-37.4%
EBITDA Growth	-791.8%	-16.6%	-111.7%	-166.4%	-93.9%	-312.8%	-10.8%	22.3%	80.3%	55.3%	29.4%	37.2%
Operating Income Growth	-521.3%	-15.2%	-96.3%	-121.9%	-84.4%	-279.2%	-0.7%	27.4%	62.4%	59.6%	29.2%	30.0%
Net Income Growth	-33.1%	-26.5%	-184.6%	-680.7%	-5453.0%	-450.2%	10.3%	46.8%	104.6%	81.3%	49.5%	66.3%
Margins Quarterly
EBITDA Margin	-375.2%	-296.7%	-214.0%	-202.1%	-35.9%	-185.0%	-96.7%	-69.4%	-35.8%	-36.2%	-174.0%	-152.1%
Operating Income Margin	-397.1%	-317.4%	-230.8%	-223.3%	-54.6%	-200.4%	-112.5%	-92.0%	-57.2%	-42.7%	-222.5%	-216.0%
Net Income Margin	-290.3%	-250.6%	-212.6%	-381.0%	-186.2%	-144.1%	-71.4%	-44.6%	6.7%	-21.2%	-158.7%	-143.1%
Cash & Debt
Total Cash	56	60	71	72	78	88	77	73	70	76	78	81
Total Debt	40	41	40	31	43	35	22	16	7	7	7	8
Net Debt / (Cash)	-16	-19	-31	-40	-34	-53	-55	-57	-63	-69	-71	-73
Cash Flows Quarterly
FCF from Operations	-1	-1	-2	3	-9	-2	-2	-4	-2	-2	-1	-2
Cash Flows TTM
FCF from Operations TTM	-0	-8	-10	-10	-17	-10	-9	-8	-7	-8	-10	-11
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	0	-0	2	-0	0	0	0	1	1
Return on Invested Capital (ROIC) Quarterly
ROIC	-16.4%	-13.9%	-12.4%	-10.5%	-2.7%	-15.0%	-7.6%	-5.6%	-2.0%	-4.5%	-8.6%	-8.5%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-12.8%	-9.4%	-9.2%	-8.2%	-6.7%	-7.4%	-4.7%	-4.8%	-5.6%	-6.7%	-8.4%	-9.3%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
E-sports	7
Casual Mobile Gaming	1	0
Concerts	0
Corporate	0
Distribution revenue		0	1	0
Event revenue		3	2	1	4
Food and beverage revenue		1	0	0	1
Merchandising revenue		0	0	0	0
Non-fungible token (NFT) revenue		0
Sponsorship revenue		2	1	2	2
Ticket and gaming revenue		1	0	0	1
Other revenue			0	0	0
Content revenue					0
Total	8	6	5	3	8

Operating Income by Segment

$ Mil	2024	2023	2022	2021	2020
Concerts	0
Casual Mobile Gaming	-0
E-sports	-2
Corporate	-4
Total	-7

Assets by Segment

$ Mil	2024	2023	2022	2021	2020
Corporate	76
Casual Mobile Gaming	19
E-sports	11
Concerts	6
Total	112

Price Behavior

Price Behavior

Market Price	$0.43
Market Cap ($ Bil)	0.0
First Trading Date	10/25/2017
Distance from 52W High	-87.9%
	50 Days	200 Days
DMA Price	$0.49	$1.29
DMA Trend	down	down
Distance from DMA	-13.4%	-66.8%
	3M	1YR
Volatility	86.5%	132.1%
Downside Capture	499.83	139.05
Upside Capture	34.76	61.59
Correlation (SPY)	38.7%	12.7%

AGAE Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	3.70	2.50	2.27	2.98	0.82	0.90
Up Beta	1.83	1.14	0.85	2.02	0.89	1.06
Down Beta	4.66	3.65	6.30	4.67	0.90	0.50
Up Capture	12%	-95%	-144%	-45%	15%	36%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	6	13	18	38	103	314
Down Capture	533%	395%	333%	359%	118%	107%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	13	28	42	83	130	386

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of AGAE With Other Asset Classes (Last 1Y)
	AGAE	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-39.6%	22.6%	19.2%	71.9%	8.9%	6.0%	-10.4%
Annualized Volatility	131.4%	18.5%	19.5%	19.3%	15.3%	17.1%	35.0%
Sharpe Ratio	0.17	0.96	0.78	2.69	0.36	0.18	-0.12
Correlation With Other Assets		10.6%	12.9%	-7.7%	-2.1%	4.1%	8.9%

ETFs used for asset classes: Sector ETF = XLC, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of AGAE With Other Asset Classes (Last 5Y)
	AGAE	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-23.2%	13.0%	14.9%	18.7%	11.7%	4.8%	32.6%
Annualized Volatility	90.1%	20.9%	17.1%	15.5%	18.7%	18.9%	48.7%
Sharpe Ratio	0.09	0.53	0.70	0.97	0.51	0.17	0.59
Correlation With Other Assets		13.7%	14.3%	0.8%	4.9%	9.6%	5.8%

Based On 10-Year Data

		Comparison of AGAE With Other Asset Classes (Last 10Y)
	AGAE	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-31.7%	13.2%	14.7%	14.9%	6.9%	5.2%	69.2%
Annualized Volatility	94.6%	22.6%	18.0%	14.8%	17.6%	20.8%	55.8%
Sharpe Ratio	-0.03	0.54	0.70	0.83	0.31	0.22	0.90
Correlation With Other Assets		14.9%	15.8%	2.7%	8.5%	13.3%	8.4%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	526,521
Short Interest: % Change Since 11302025	320.7%
Average Daily Volume	1,740,604
Days-to-Cover Short Interest	1
Basic Shares Quantity	38,167,484
Short % of Basic Shares	1.4%

Returns Analyses

	Title
0	Is Allied Gaming & Entertainment Stock Built to Withstand More Downside?

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
11/20/2025	-2.9%	3.2%
8/14/2025	-4.7%	-20.1%	-12.8%
11/14/2024	0.9%	-7.6%	-31.4%
8/19/2024	-12.9%	-5.8%	1.4%
3/27/2024	-5.6%	-8.4%	-24.8%
8/10/2023	5.1%	-6.3%	-9.5%
3/23/2023	-0.9%	1.7%	-3.4%
5/25/2022	-2.7%	3.4%	-4.0%
...
SUMMARY STATS
# Positive	3	3	1
# Negative	6	6	8
Median Positive	2.8%	3.2%	1.4%
Median Negative	-3.8%	-6.9%	-9.5%
Max Positive	5.1%	3.4%	1.4%
Max Negative	-12.9%	-20.1%	-31.4%

	Forward Returns
11/20/2025	-2.9%	3.2%
8/14/2025	-4.7%	-20.1%	-12.8%
11/14/2024	0.9%	-7.6%	-31.4%
8/19/2024	-12.9%	-5.8%	1.4%
3/27/2024	-5.6%	-8.4%	-24.8%
8/10/2023	5.1%	-6.3%	-9.5%
3/23/2023	-0.9%	1.7%	-3.4%
5/25/2022	-2.7%	3.4%	-4.0%
3/31/2021	2.8%	-5.6%	-6.2%
SUMMARY STATS
# Positive	3	3	1
# Negative	6	6	8
Median Positive	2.8%	3.2%	1.4%
Median Negative	-3.8%	-6.9%	-9.5%
Max Positive	5.1%	3.4%	1.4%
Max Negative	-12.9%	-20.1%	-31.4%

SEC Filings

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Report Date	Filing Date	Filing
9302025	11192025	10-Q 9/30/2025
6302025	8142025	10-Q 6/30/2025
3312025	7072025	10-Q 3/31/2025
12312024	6092025	10-K 12/31/2024
9302024	11142024	10-Q 9/30/2024
6302024	8192024	10-Q 6/30/2024
3312024	5202024	10-Q 3/31/2024
12312023	3282024	10-K 12/31/2023
9302023	11092023	10-Q 9/30/2023
6302023	8102023	10-Q 6/30/2023
3312023	5112023	10-Q 3/31/2023
12312022	3242023	10-K 12/31/2022
9302022	11162022	10-Q 9/30/2022
6302022	8152022	10-Q 6/30/2022
3312022	6242022	10-Q 3/31/2022
12312021	5262022	10-K 12/31/2021

Insider Activity

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4	CNBC	Etrade
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7	FinViz

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Allied Gaming & Entertainment (AGAE)

Market Price (12/24/2025): $0.4068 | Market Cap: $15.5 MilSector: Communication Services | Industry: Movies & Entertainment

Allied Gaming & Entertainment (AGAE)

Market Price (12/24/2025): $0.4068Market Cap: $15.5 MilSector: Communication ServicesIndustry: Movies & Entertainment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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AGAE Stock

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About Allied Gaming & Entertainment (AGAE)

Yangyang Li

Roy Anderson

Yinghua Chen

Jingsheng Lu

Guanzhou (Jerry) Qin

Interactive Breakdown

Better Bets than Allied Gaming & Entertainment (AGAE)

INDUSTRY: Movies & Entertainment

Higher Rev Chg 3Y Avg | Lower P/S (Values for AGAE: 6.0% | 2.1x)

Higher Rev Chg LTM (Value for AGAE: -14.2%)

Higher Rev Chg 3Y Avg (Value for AGAE: 6.0%)

Higher Op Mgn LTM (Value for AGAE: -288.6%)

Higher CFO/Rev LTM (Value for AGAE: -2.7%)

Higher FCF/Rev LTM (Value for AGAE: -56.1%)

Higher Total Yield (Value for AGAE: -135.5%)

SECTOR: Communication Services

Higher Rev Chg 3Y Avg | Lower P/S (Values for AGAE: 6.0% | 2.1x)

Higher Rev Chg LTM (Value for AGAE: -14.2%)

Higher Rev Chg 3Y Avg (Value for AGAE: 6.0%)

Higher Op Mgn LTM (Value for AGAE: -288.6%)

Higher CFO/Rev LTM (Value for AGAE: -2.7%)

Higher FCF/Rev LTM (Value for AGAE: -56.1%)

Higher Total Yield (Value for AGAE: -135.5%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for AGAE: 6.0% | 2.1x)

Higher Rev Chg LTM (Value for AGAE: -14.2%)

Higher Rev Chg 3Y Avg (Value for AGAE: 6.0%)

Higher Op Mgn LTM (Value for AGAE: -288.6%)

Higher CFO/Rev LTM (Value for AGAE: -2.7%)

Higher FCF/Rev LTM (Value for AGAE: -56.1%)

Higher Total Yield (Value for AGAE: -135.5%)

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Market Price (12/24/2025): $0.4068 | Market Cap: $15.5 Mil
Sector: Communication Services | Industry: Movies & Entertainment

Market Price (12/24/2025): $0.4068
Market Cap: $15.5 Mil
Sector: Communication Services
Industry: Movies & Entertainment