Allied Gaming & Entertainment Inc. has reported its financial results for the fiscal year ending December 31, 2024. The company recorded total revenues of $9.079 million, marking an increase from the $7.655 million reported in 2023. This growth was primarily driven by a significant rise in casual mobile gaming revenues, which increased from $699,000 in 2023 to $4.409 million in 2024. However, the company experienced a decline in in-person revenues, which fell from $4.956 million in 2023 to $4.670 million in 2024. Multiplatform content revenues decreased from $2 million in 2023 to zero in 2024. On the cost side, expenses for casual mobile gaming rose sharply from $594,000 in 2023 to $3.876 million in 2024. Research and development expenses also saw a substantial increase, rising from $163,000 in 2023 to $865,000 in 2024. In terms of strategic direction, Allied Gaming & Entertainment Inc. plans to continue expanding its marketing efforts and operations into new geographies and vertical markets, including live influencer events, concerts, experiential entertainment, and online esports tournament platforms. The company anticipates that these initiatives will yield attractive returns on investment.
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