Allied Esports Entertainment announced its financial results for 2019, describing the year as “transformational.”
Revenue for the fourth quarter in 2019 was up 19 percent, totalling $6.5 million (£5.4 million), when compared to the fourth quarter of the previous year.
The company’s complete revenue for 2019 reached $26.1 million (£22 million), an increase of 27 percent over the past year, with an improvement of 38 percent in adjusted EBITDA.
Frank Ng, CEO of Allied Esports Entertainment, spoke on the results in a release: “Allied Esports Entertainment wrapped-up a transformational year ending with a strong fourth quarter highlighted by robust topline growth and continued execution of our strategic initiatives.