Enthusiast Gaming Holdings, Inc. (NASDAQ:EGLX) Q2 2022 Earnings Conference Call August 15, 2022 5:00 PM ET

Company Participants

Eric Bernofsky - Chief Corporate Officer

Adrian Montgomery - CEO & Director

Alex Macdonald - CFO

Conference Call Participants

Drew McReynolds - RBC Capital Markets

Michael Crawford - B. Riley Securities

Gianluca Tucci - Haywood Securities

Operator

Thank you for standing by. This is the conference operator. Welcome to the Enthusiast Gaming Holdings, Inc. Second Quarter 2022 Financial Results Conference Call. [Operator Instructions].

I would now like to turn the conference over to Eric Bernofsky, Chief Corporate Officer. Please go ahead.

Eric Bernofsky

Thank you, Sachi. Good afternoon, everyone, and thank you for joining Enthusiast Gaming's second quarter 2022 financial operating results call. My name is Eric Bernofsky, Chief Corporate Officer of Enthusiast Gaming.

With me today is our Chief Executive Officer, Adrian Montgomery; and our Chief Financial Officer, Alex Macdonald. We'll begin with some prepared remarks from Adrian and Alex before opening the floor to questions.

Before we begin, I'd like to remind everyone today's presentation contains forward-looking information that involve known and unknown risks and uncertainties and other factors that could cause actual events to differ materially from current expectations. These statements should not be read as assurances of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements.

A more complete discussion of the risks and uncertainties facing the company appear in the company's management discussion and analysis for the 3-month period ended June 30, 2022, which are available under the company's profile on SEDAR and EDGAR as well as the company's website, enthusiastgaming.com.

You're cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. The company disclaims any intention or obligation except to the extent required by law to update and revise any forward-looking statements as a result of new information, future events or for any other reason.

Now I'm now happy to turn the call over to Adrian Montgomery, Chief Executive Officer of Enthusiast Gaming. Adrian?

Adrian Montgomery

Thank you, Eric. Good afternoon, and welcome to our second quarter 2022 financial results conference call. I'm pleased to share with you the details of yet another strong quarter, particularly in light of the macroeconomic backdrop we are in. I'll provide some context around our key performance metrics, including revenue growth, and, in particular, direct sales growth, subscription growth, gross profit growth, which reached the highest in the company's history this quarter. And lastly, I'll talk about how we see the second half of the year shaping up which we will expect to be a continuation of the same performance trends we have delivered in previous quarters led by strong revenue and margin growth.