# Super League Enterprise Reports Positive Q3 Earnings, Stock Gains in After-Hours Trading
![Super League Enterprise](https://cdn.benzinga.com/files/images/story/2023/11/14/virtual-3460451_1280.jpg?optimize=medium&dpr=1&auto=webp&height=800&width=1456&fit=crop)
Super League Enterprise, Inc. (SLE) witnessed a surge in its stock price during after-hours trading following the release of its third-quarter earnings report. The company’s financial performance has evidently resonated well with investors. Here are the key details contributing to the stock’s momentum.
## A Closer Look at the Q3 Results
Super League Enterprise posted a quarterly loss of $1.16 per share, exceeding the analyst consensus estimate of a loss of $1.69. This marks a significant improvement from the loss of $3.20 per share reported in the same period last year.
The company’s revenue stood at $7.20 million, surpassing the Street’s projections of $6.62 million. This signifies a substantial 59.61% increase compared to the $4.51 million in sales recorded in the corresponding period last year.
Specifically, the company highlighted a 24% increase in media and advertising revenue, reaching $2.9 million compared to $2.3 million in the previous year. Impressively, this segment accounted for 40% of the total third-quarter revenue.
Looking ahead, Super League Enterprise foresees $9 million in revenues at the midpoint of the fourth quarter, presenting a positive trajectory for its financial performance.
## CEO’s Perspective
CEO Ann Hand emphasized the company’s accomplishments, stating, “In the third quarter, we continued to validate the success of our business model and operational strategy, delivering record quarterly company revenues of $7.2 million, an increase of 60% year-over-year.” Hand also highlighted the impact of the company’s partnership with Roblox Partner Programs in expanding its brand presence in the digital social platform realm, effectively reaching over half a billion individuals.
Hand further reiterated the company’s ability to capture a larger share of advertisers’ expenditures, underlining the significance of securing a substantial deal valued at nearly $4 million across multiple quarters as a testament to the efficacy of its business model.
## Investor Response
In response to the positive earnings report, Super League Enterprise’s stock experienced a notable surge, with shares climbing by 7.56% to reach $1.42 in the after-hours session, reflecting investors’ confidence in the company’s financial outlook.
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