Allied Esports Entertainment Announces Fourth Quarter and Full Year 2019 Financial Results
Allied Esports Entertainment, Inc. (AESE)
Company Research
Source: Business Wire
Fourth Quarter 2019 Revenue of $6.5 Million, Up 19% Year-Over-YearFull Year 2019 Revenue of $26.1 Million, Up 27% Year-Over Year IRVINE, Calif.--(BUSINESS WIRE)--Allied Esports Entertainment, Inc. (NASDAQ: AESE) (the “Company”), a global esports entertainment company, today announced its financial results for the fourth quarter and full year ended December 31, 2019, as well as an update on several key business initiatives.Commenting on the Company’s fourth quarter results, the Company’s CEO, Frank Ng, said, “Allied Esports Entertainment wrapped-up a transformational year ending with a strong fourth quarter highlighted by robust topline growth and continued execution of our strategic initiatives. Fourth quarter total revenues of $6.5 million increased 19.5% compared to the fourth quarter last year, driven by growth in both our Esports and Poker businesses. In addition to our strong financial performance, we also made significant progress in the fourth quarter with our strategic part
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