Overview

* SharpLink Q3 revenue grows over 1,100% yr/yr, driven by ETH treasury strategy

* Net income for Q3 rises sharply, reflecting successful ETH strategy execution

* Company announces $1.5 bln stock repurchase program, indicating confidence in growth

Outlook

* SharpLink plans to allocate $200 mln in ETH for deployment on Consensys' Linea platform

* Company focuses on long-term value accretion through ETH treasury strategy

Result Drivers

* ETH TREASURY STRATEGY - Deployment of ETH holdings into yield-generating staking drove significant revenue and net income growth

* ETH PER SHARE CONCENTRATION - Doubling of ETH per share concentration contributed to strong financial performance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $10.80 $697 mln

Revenue mln (1

Analyst)

Q3 Net $104.30

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the advertising & marketing peer group is "buy"

* Wall Street's median 12-month price target for SharpLink Gaming Inc ( SBET ) is $40.00, about 71.1% above its November 11 closing price of $11.56

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)