In an exciting turn of events, GameOn (CSE: GET) (OTCQB: GMETF), a leading player in the next-generation fantasy sports platform arena, is forging ahead with innovative partnerships and remarkable financial growth. As a company that thrives on collaborations with some of the world’s most prestigious sports leagues to launch, operate, and monetize web3 games, GameOn is making waves with its most recent developments.
A New Era in Fantasy Sports: GameOn and LALIGA
GameOn’s latest triumph is its strategic partnership with LALIGA, one of the most followed soccer leagues globally. This partnership marks a significant step forward in the world of fantasy sports. LALIGA operates two distinguished competitions: LALIGA EA SPORTS, Spain’s top-flight competition featuring illustrious clubs like FC Barcelona, Real Madrid, Atlético de Madrid, and Sevilla FC, among others, and LALIGA HYPERMOTION, Spain’s second division competition boasting 22 teams.
With a staggering global community of over 200 million fans across 17 platforms in 20 different languages, LALIGA has cultivated a young, diverse, and multicultural fanbase. Their global reach extends to over 2.8 billion individuals, with the league enjoying media partnerships in more than 180 territories. In the United States, ESPN holds the exclusive broadcasting rights for LALIGA, ensuring its games reach more than 25 million ESPN+ subscribers across the nation.
GameOn is set to launch next-generation fantasy games based on real-world LALIGA players and matches. Fans can anticipate an immersive soccer experience, complete with collectible avatars, customizable gear, and a variety of game modes like Live Fantasy, PvP Battles, and Quests. Players will have the chance to win exclusive prizes, including cash, VIP tickets, signed merchandise, and meet-and-greets with soccer superstars. LALIGA will actively promote these games across in-stadium events, watch parties, social media, their website, mobile apps, and email. This exciting product will be available to audiences in the United States and Canada.
GameOn’s CEO, Matt Bailey, expressed his enthusiasm for the partnership: “We can’t wait to deliver next-gen fantasy games to millions of LALIGA fans, bringing them closer to the world’s best clubs and players.” GameOn’s mission is clear – to seize major league opportunities that leverage their scalable PLAYN3XT platform and drive highly profitable revenue growth. LALIGA represents just one step in this journey.
A Financial Triumph: GameOn’s Q2 2023 Performance
GameOn’s remarkable strides in partnerships align with its financial achievements. The company recently revealed its Q2 2023 financial statements, showcasing outstanding results. The figures speak for themselves:
- Revenue of $836,239, compared to $125,160 in 2022 – marking a phenomenal 568% year-on-year increase.
- Net loss and comprehensive loss of $1,200,580, compared to $2,424,024 in 2022 – a substantial 50% year-on-year decrease.
- Net cash outflows from operations amounting to $1,045,319, compared to $1,455,493 in 2022 – representing an impressive 28% year-on-year decrease.
Matt Bailey, GameOn’s CEO, sees these financial accomplishments as the foundation for further growth. He notes that their recent traction will be further propelled by their focus on major league partnerships. GameOn has numerous contracts in the works and confidently anticipates announcing several new partnerships in the coming months, all of which will utilize their ready PLAYN3XT platform to unlock multi-million-dollar revenue opportunities.
As each new partnership is unveiled, GameOn’s management intends to provide detailed guidance on revenue projections in late-Q3 or early-Q4. Bailey emphasized the importance of this approach, stating that such planning and projections take time, diligence, and collaboration with their partners. Each new partner is expected to exponentially expand GameOn’s reach, enhance brand equity, and contribute to the bottom line.
A Bright Future for GameOn
GameOn’s partnership with LALIGA and their remarkable Q2 financial performance highlight their commitment to innovation and growth. As they continue to reshape the landscape of fantasy sports, GameOn stands as a company with a vision for sustainable expansion and profitability.
YOUR NEXT STEPS
Visit $GET HUB On AGORACOM: https://agoracom.com/ir/GameOn
Visit $GET 5 Minute Research Profile On AGORACOM: https://agoracom.com/ir/GameOn/profile
Visit $GET Official Verified Discussion Forum On AGORACOM: https://agoracom.com/ir/GameOn/forums/discussion
Watch $GET Videos On AGORACOM YouTube Channel:
https://youtube.com/playlist?list=PLfL457LW0vdJdz244fLf3Nmrzh6OUWrHl&si=Wy4F0yteUrs6hGVt
DISCLAIMER AND DISCLOSURE
This record is published on behalf of the featured company or companies mentioned (Collectively “Clients”), which are paid clients of Agora Internet Relations Corp or AGORACOM Investor Relations Corp. (Collectively “AGORACOM”)
AGORACOM.com is a platform. AGORACOM is an online marketing agency that is compensated by public companies to provide online marketing, branding and awareness through Advertising in the form of content on AGORACOM.com, its related websites (smallcapepicenter.com; smallcappodcast.com; smallcapagora.com) and all of their social media sites (Collectively “AGORACOM Network”) . As such please assume any of the companies mentioned above have paid for the creation, publication and dissemination of this article / post.
You understand that AGORACOM receives either monetary or securities compensation for our services, including creating, publishing and distributing content on behalf of Clients, which includes but is not limited to articles, press releases, videos, interview transcripts, industry bulletins, reports, GIFs, JPEGs, (Collectively “Records”) and other records by or on behalf of clients. Although AGORACOM compensation is not tied to the sale or appreciation of any securities, we stand to benefit from any volume or stock appreciation of our Clients. In exchange for publishing services rendered by AGORACOM on behalf of Clients, AGORACOM receives annual cash and/or securities compensation of typically up to $125,000.
Facts relied upon by AGORACOM are generally provided by clients or gathered by AGORACOM from other public sources including press releases, SEDAR and/or EDGAR filings, website, powerpoint presentations. These facts may be in error and if so, Records created by AGORACOM may be materially different. In our video interviews or video content, opinions are those of our guests or interviewees and do not necessarily reflect the opinion of AGORACOM.
From time to time, reference may be made in our marketing materials to prior Records we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.
NO INVESTMENT ADVICE
This record, and any record we publish by or on behalf of our clients, should not be construed as an offer or solicitation to buy or sell products or securities.
You understand and agree that no content in this record or published by AGORACOM constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person and that no such content is tailored to any specific person’s needs. We will never advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.
Neither the writer of this record nor AGORACOM is an investment advisor. Both are neither licensed to provide nor are making any buy or sell recommendations. For more information about this or any other company, please review their public documents to conduct your own due diligence.
If you have any questions, please direct them to [email protected]
For our full website disclaimer, please visit https://agoracom.com/terms-and-conditions
