Allied Gaming & Entertainment Q3 2025 Financial Results: Revenue Down 15%, Net Loss Increases to $5.4 Million

Allied Gaming & Entertainment reported Q3 2025 revenues of $1.8 million, a 15% decrease YoY. The decrease was primarily due to a $0.3 million decrease in in-person revenues from arena events. Total costs and expenses increased to $9.2 million, driven by a $4.4 million increase in legal and professional fees. Net loss was $5.4 million, compared to a net loss of $4.0 million in the prior-year period. Adjusted EBITDA loss was $2.0 million. The company had a cash and short-term investments position of $56.0 million and a working capital position of $36.7 million as of September 30, 2025.