SharpLink Gaming Q3 revenue beats estimates on favorable ETH market conditions
SBET•SharpLink Gaming’s Q3 revenue rose 24% year over year to $13.5 million, above the $10.32 million analyst estimate. Net income was $751.4 million, including $676.7 million in unrealized gains on crypto assets.
1. Revenue and earnings
SharpLink Gaming reported Q3 revenue of $13.5 million, up 24% year over year and above the $10.32 million consensus estimate. Net income was $751.4 million, with unrealized gains of $676.7 million driven by favorable ETH market conditions.
2. Staking and costs
Staking revenue rose 27% year over year to $13.1 million, while SG&A expenses fell 8%. The company completed a $200 million Lido staking allocation and launched an onchain yield fund. It did not provide specific financial guidance for current or future periods.
