Allied Gaming & Entertainment (NASDAQ:AGAE) Issues Quarterly Earnings Results, Misses Expectations By $0.34 EPS

Posted by Francis Steltz on May 23rd, 2026

Allied Gaming & Entertainment (NASDAQ:AGAE – Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.34), Zacks reports. The company had revenue of $1.93 million during the quarter, compared to analysts’ expectations of $0.50 million. Allied Gaming & Entertainment had a negative return on equity of 19.56% and a negative net margin of 280.09%.

Allied Gaming & Entertainment Stock Down 3.7%

Shares of AGAE opened at $0.59 on Friday. Allied Gaming & Entertainment has a 52-week low of $0.25 and a 52-week high of $3.79. The firm’s fifty day moving average is $0.41 and its two-hundred day moving average is $0.38. The stock has a market cap of $22.19 million, a PE ratio of -1.09 and a beta of 2.35.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AGAE. Weiss Ratings raised shares of Allied Gaming & Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, April 21st. Wall Street Zen raised shares of Allied Gaming & Entertainment to a “sell” rating in a report on Saturday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

View Our Latest Report on Allied Gaming & Entertainment

Institutional Investors Weigh In On Allied Gaming & Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC acquired a new stake in Allied Gaming & Entertainment during the 4th quarter worth $262,000. Geode Capital Management LLC boosted its stake in Allied Gaming & Entertainment by 14.4% during the 2nd quarter. Geode Capital Management LLC now owns 244,608 shares of the company’s stock worth $634,000 after purchasing an additional 30,706 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in Allied Gaming & Entertainment during the 3rd quarter worth $90,000. XTX Topco Ltd acquired a new stake in Allied Gaming & Entertainment during the 4th quarter worth $26,000. Finally, Virtu Financial LLC acquired a new stake in Allied Gaming & Entertainment during the 3rd quarter worth $27,000. Institutional investors and hedge funds own 3.21% of the company’s stock.

Allied Gaming & Entertainment Company Profile

(Get Free Report)

Allied Gaming & Entertainment, Inc is a digital media and technology company focused on the development, production and distribution of live amateur sports content in the United States. The company’s flagship InPlay Sports division secures rights to high school and collegiate athletic events and streams those competitions across linear and digital channels. Through strategic partnerships with regional school conferences and venues, Allied Gaming aims to expand the reach of under-served amateur athletics audiences while creating new content monetization opportunities.

Allied’s content portfolio spans live event coverage, on-demand highlights and studio productions designed for distribution on television, web and mobile platforms.