Super League Enterprise (NASDAQ: SLE) has announced its fiscal fourth quarter and full-year 2023 financial results, marking a year of record revenues and strategic growth in the immersive marketing and commerce sector. The company reported a quarterly revenue of $9.5 million, a 34% increase year-over-year, and an annual revenue of $25.1 million, up 27% from 2022. These figures underscore Super League's expanding footprint in the 3D web, driven by its innovative approach to engaging Generation Z and Alpha audiences through platforms like Roblox, Minecraft, and Fortnite.
Throughout 2023, Super League served over 100 brands and IP owners, launching 11 custom builds with peak engagement times of up to 30.5 minutes. The company's media campaigns across these platforms exceeded 180, supported by 340 pieces of video content, significantly enhancing visibility across digital and OTT channels. A notable achievement was the execution of a nearly $4 million deal with Kraft Lunchables, exemplifying the company's ability to secure substantial contracts within the immersive marketing space.
Despite the revenue growth, Super League recorded a net loss of $30.3 million for the year, an improvement over the previous year's $85.5 million loss. This reduction in net loss reflects the company's efforts in enhancing operational efficiency and cost management. The cost of revenue for fiscal 2023 increased to $15.3 million, up 37% from the previous year, attributed to the scale of Super League's custom integration projects.
Super League's strategic initiatives in 2023 focused on tapping into the burgeoning interest of younger audiences in immersive platforms. By catering to the nuanced preferences of Generations Z and Alpha through personalized in-game and social media engagement, the company has solidified its position as a leader in the 3D web space. With over 330 million visits generated from its custom experiences, Super League is poised for continued growth and innovation in the evolving digital landscape.
