SBET (SharpLink Gaming) EBIT : $-7.40 Mil (TTM As of Sep. 2024)

View and export this data going back to 2021. Start your Free Trial

What is SharpLink Gaming EBIT?

SharpLink Gaming's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $-0.78 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $-7.40 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SharpLink Gaming's annualized ROC % for the quarter that ended in Sep. 2024 was -686.59%. SharpLink Gaming's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -4,308.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SharpLink Gaming's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -58.81%.

SharpLink Gaming EBIT Historical Data

The historical data trend for SharpLink Gaming's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SharpLink Gaming EBIT Chart

SharpLink Gaming Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-0.37

-1.14

-33.47

-14.00

-10.08

SharpLink Gaming Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial											-1.71	-4.32	-1.43	-0.87	-0.78

Competitive Comparison of SharpLink Gaming's EBIT

For the Gambling subindustry, SharpLink Gaming's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SharpLink Gaming's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, SharpLink Gaming's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where SharpLink Gaming's EV-to-EBIT falls into.

SharpLink Gaming EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.40 Mil.

SharpLink Gaming (NAS:SBET) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

SharpLink Gaming's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	-3.188 * ( 1 - -0.9% )	/	( (0.616	+	0.321)	/ 2 )
=	-3.216692	/	0.4685
=	-686.59 %

where

	Invested Capital		(Q: Jun. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3.763	-	0.711	-	( 2.436	-	max(0, 1.002	-	3.741	+	2.436	))
=	0.616

	Invested Capital		(Q: Sep. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	2.915	-	0.744	-	( 1.85	-	max(0, 0.895	-	2.896	+	1.85	))
=	0.321

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

SharpLink Gaming's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-3.124	/	( ( (0.006 + max(-0.072, 0))	+	(0.005 + max(0.134, 0)) )	/	2 )
=	-3.124	/	( ( 0.006	+	0.139 )	/	2 )
=	-3.124	/	0.0725
=	-4,308.97 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.33	+	0	+	0.6)	-	(0.711	+	0	+	0.291)
=	-0.072

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.457	+	0	+	0.572)	-	(0.744	+	0	+	0.151)
=	0.134

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

SharpLink Gaming's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-7.402	/	12.586
	=	-58.81 %

SharpLink Gaming EBIT Related Terms

Thank you for viewing the detailed overview of SharpLink Gaming's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

SharpLink Gaming Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » SharpLink Gaming Inc (NAS:SBET) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 Washington Avenue North, Suite 104, Minneapolis, MN, USA, 55401

Website

https://www.sharplink.com

SharpLink Gaming Inc is a online technology company that connects sports fans, leagues and sports websites to relevant and timely sports betting content. The company owns a performance marketing platform through which the Company owns and operates state-specific web domains designed to attract, acquire, and drive local sports betting and casino traffic directly to its sportsbook and casino partners which are licensed to operate in each respective state. The Company has two operating segments: Affiliate Marketing Services-United States and Affiliate Marketing Services-International. The company generates the majority of the revenue earned from the Affiliate Marketing Services-International segment.

Executives

Thomas A Doering	director	10202 E. JOURNEY LANE, SCOTTSDALE AZ 85255
Robert Michael Delucia	officer: Chief Financial Officer	4400 CARILLON POINT, KIRKLAND WA 98033
Scott J Pollei	director	C/O DOLAN MEDIA COMPANY, 706 SECOND AVENUE SOUTH, SUITE 1200, MINNEAPOLIS MN 55402
Paul Abdo	director	6412 CHEROKEE TRAIL, EDINA MN 55439
Christopher J Nicholas	director, officer: Chief Operating Officer	91 WESTBURY, AVON CT 06001
Rob Phythian	director, officer: Chief Executive Officer	1886 ELEANOR AVENUE, ST. PAUL MN 55116
Joseph Clifford Housman	director	6820 105TH TRN, BROOKLYN PARK MN 55445
David Jay Abbott	officer: Chief Technology Officer	17713 KINGSWAY PATH, LAKEVILLE MN 55044
Adrienne Anderson	director	5911 NW 58TH TERRACE, PARKLAND FL 33067
Mintbroker International, Ltd.	10 percent owner	ELIZABETH AVE. & BAY STREET, NASSAU C5 N-8340