SharpLink Gaming's stock dropped nearly 15% following the release of disappointing Q2 earnings. The company reported a net loss of $103 million for the quarter ending June 30, contrasting sharply with a $12 million net income during the same period last year. Revenue decreased by 30% year-over-year to $1.4 million, and the gross profit halved from the previous year. The losses were attributed to a non-cash impairment loss on its LSE holdings and stock-based compensation related to a strategic advisory agreement. As Ethereum's price dipped below $4,400 amidst geopolitical uncertainties and economic data, SharpLink's significant hold of 728,804 ETH, valued at approximately $3.23 billion, also added to market worries.

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