Global e-sports giant NASDAQ: AESE at https://www.webull.com/quote/nasdaq-aese recently published Q2 2020 numbers. Apart from the financial numbers, they also shed light on ongoing business activities; the impact of a global pandemic on their business. The chief executive officer of the company admitted they had a tough time running the market throughout the quarter.
Of all arms of the business, the most affected one was an in-person arm. The management expects things to get on track in the coming quarter as there is no stay at home orders in place. And people look more confident to come out of their homes.
The company is all set to make strategic changes in its revenue model. Their actions are entirely justified. Extraordinary occasions demand extraordinary measures. Now NASDAQ: AESE will shift the focus to multiplatform content, coupled with more qualitative interactive services. The company is quite confident that these moves will not help them retain a loyal customer base but also give impetus to revenues.
Also, the company has an edge when it comes to the workforce. They always believed in tapping the best talent available. In this time of crisis, they can leverage these advantages more fruitfully. The CEO of company Frank also reiterated the same saying; he’s proud looking at the efforts his employees are putting even at this time. These organization values do get tested at the time of crisis. As far as NASDAQ: AESE is concerned, they have got it covered.
The allied e-sports entertainment offers disruptive technologies and infrastructure for a live show, three-dimensional content, and other interactive services. They have penetration all across the globe. Experience of working with giants like World Poker Tour puts them in a different league altogether. So the NASDAQ: AESE has that firepower to put up a better show. Not just because they have done it in the past, but it is their ability and organizational strength, which makes a difference. You can do stock trading after knowing how to buy stocks online.
The company has suffered severe losses in the second quarter. The revenues declined from $7.3 million US dollars to 4.6 million USD. At the same time, in-person revenues declined as much seventy eighty percent. That’s all because of a massive decline in footfalls. But there is a silver lining for the company that lies in ‘interactive services’.So now they exactly know where to focus.
The way allied e-sports entertainment has handled this crisis so far, it should be encouraging for all the stakeholders. And their approach aligns with their confidence in their future.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.