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IN BRIEF: Guild Esports half-year loss narrows despite drop in sales

ALN

Guild Esports PLC - London-based esports business - In the six months to March 31, pretax loss narrows to £1.8 million from £2.3 million a year prior. But revenue falls to £2.1 million from £3.7 million reflecting a challenging macroeconomic environment and a significant, one-off tournament victory in 2023 which increased revenue. Guild Studios’ revenue multiplies to £586,000 from £109,000, representing a significant new revenue stream. ‘We are cautiously optimistic that our efforts will continue to drive growth and success as we navigate through the remainder of 2024 and beyond,’ company says.

Current stock price: 0.30 pence

12-month change: down 52%

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