Page 1

August 12 , 2021 SUPER LEAGUE Super League Gaming Reports Record Second Quarter 2021 Results SANTA MONICA , Calif . , Aug. 12 , 2021 ( GLOBE NEWSWIRE ) -- Super League Gaming ( Super League or the Company ) ( Nasdaq : SLGG ) , a global leader in video gaming and esports experiences and entertainment for everyday players of all ages , reported recent operational developments and financial results for the second quarter ended June 30 , 2021 . Q2 Highlights and Recent Operational Developments • Second quarter revenues reach record $ 1.1 million in 2021 , up 235 % compared to Q2 2020 with increases in all primary revenue streams . • Gross margin continues to be healthy at 51 % for Q2 2021 . • Balance sheet remains strong with $ 31.5 million of cash on hand as of June 30 , 2021 and no debt . • Successful shareholder support for the acquisition of Mobcrush , which was completed on June 1st and brings synergies that will drive future revenue growth . • In July 2021 , Pixel Paradise launched as the first ever Minecraft Bedrock server focused on role - playing , joining our property Mineville as two of seven official Minecraft servers . • And today , we announced the acquisition of Bannerfy , a creator monetization and ad technology platform , augmenting our offers to brands and advertisers . Management Commentary " In the second quarter , we continued to execute on our mission of building a world - class gaming - centric media and entertainment platform , delivering record quarterly revenue , " said Ann Hand , Chief Executive Officer of Super League Gaming . " We closed the transformative acquisition of Mobcrush and have already begun to see tremendous synergies with our combined technology stack and advertising inventory . We are well - positioned to take advantage of the mega trends in gaming and esports and expect to continue growing our scale at an accelerated pace . We are quite optimistic about the opportunities that lie ahead for Super League and its network of gamers and creators . " Second Quarter 2021 Financial Results Revenues in the second quarter of 2021 increased 235 % to $ 1.1 million compared to $ 324,000 in the comparable prior year quarter . Advertising and sponsorship revenues comprised approximately 45 % of revenues for the second quarter of 2021 as compared to 15 % for the comparable prior year quarter , and increased 890 % compared to the prior year quarter , due to significant increases in direct sales and programmatic advertising revenues on our owned , operated and partners ' digital channels . Content sales revenues comprised approximately 34 % of revenues for the second quarter of 2021 as compared to 73 % for the comparable prior year quarter , and increased 55 % compared to the prior year quarter , due