IN BRIEF: Gfinity interim pretax loss widens; highlights AI in outlook
Gfinity PLC - London-based e-sports and gaming services company - Pretax loss in the six months to December 31 widens to GBP271,284 from GBP19,643 a year ago. Revenue falls 52% to GBP390,099 from GBP805,741. Cost of sales increases 9.2% to GBP260,164 from GBP238,207, while administrative costs decrease 32% to GBP401,220 from GBP586,739. Looking ahead, Gfinity says there is still high demand for gaming information and sites, as the gaming industry continues to perform well. However it adds the outlook is uncertain for the digital media sector, "as large language models from X, Open AI and Anthropic offer different solutions for search and interaction with the web, including the retrieval of data for gamers seeking advice on game play." Read More