Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV) Q1 2023 Earnings Conference Call May 16, 2023 8:30 AM ET
Company Participants
Anne Graffice - Executive Vice President, Global Marketing and Public Affairs
Michael Crawford - President and Chief Executive Officer
Benjamin Lee - Chief Financial Officer
Conference Call Participants
David Martian - Singular Research
Michael Diana - Maxim Group
Operator
Good morning and welcome to the Hall of Fame Resort and Entertainment Company's First Quarter 2023 Earnings Conference Call. This conference call is being recorded and all participants are in a listen-only mode. We will open the conference up for questions and answers following the prepared remarks.
I'll now turn on the conference over to Anne Graffice, Executive Vice President, Global Marketing and Public Affairs.
Anne Graffice
Good morning from Canton, and thank you all for joining us for our first quarter 2023 earnings conference call. Our latest press release, supplemental slides, and Form 10-K were posted yesterday evening after market hours. These documents can be found in the Investor Relations section of our website at hofreco.com.
After this brief introduction, our President and CEO Michael Crawford will give an update on the company's outlook, Benjamin Lee; Chief Financial Officer will then provide analysis of the quarter's financial results, and an update on the company's fiscal year 2023 financial guidance.
During today's call, we will make forward-looking statements that reflect the company's current expectations about future plans and performance. These statements rely on assumptions and estimates, and actual results may differ materially due to risks and uncertainties. I encourage you all to read the full disclosure concerning forward-looking statements in the earnings press release.
Additionally, please note that the company uses non-GAAP results to evaluate performance internally, as detailed in our press release. We have posted a supplementary slide deck summarizing the quarterly results as well. These slides can be accessed on our website and will be archived there along with a replay of this call later this morning.
It's now my pleasure to turn the call over to Michael Crawford. Michael?
Michael Crawford
Thank you Anne. Good morning everybody. It’s a really incredible day here in Canton, Ohio and we have a fantastic week ahead of us and I’ll talk about that in just a few moments. If you looked at our first quarter earnings obviously you would have seen revenue growth year-over-year of 48%. And I give that – just the results have been fantastic and I give the team credit for those. But you would have also seen as expected our operating expenses have increased to support the launch of things like new content in our media division creating our village destination and really building our gaming business in general.