04:57 PM EDT, 03/31/2025 (MT Newswires) -- Enthusiast Gaming Holdings ( EGLXF ) after trade Monday said its fourth-quarter loss widened and revenue fell year-over-year.

The company lost $80.1 million, $0.54 per share, in the period, compared with a loss of $40.8 million, or $0.26, in the year-ago quarter.

Revenue was $17.8 million, down 62% from $47.1 million a year prior. FactSet expected $20.7 million. Media and Content revenue was $12.8 million, a 70% decrease from $42.6 million in the fourth quarter of 2023. The company said the $29.8 million decline in Media and Content revenue was primarily due to its decision to deprioritize the lower-margin video platform revenue, which accounted for $24.1 million of the reduction.

"We are now focused on scaling revenue in ways that accelerate earnings before interest, taxes, depreciation, and amortization growth and drive free cash flow. Every user is more valuable under our current monetization structure, and audience expansion is a key operational focus for 2025," Chief Financial Officer Alex Macdonald said.

The company added that Alex Gonzalez has been promoted to chief marketing officer. He previously served as Head of Luminosity and Senior Vice President of Talent, Gaming, and Marketing.

Enthusiast Gaming ( EGLXF ) shares closed down $0.005 to $0.095 on the Toronto Stock Exchange.