EBET (EBET) Retained Earnings : $-160.02 Mil (As of Mar. 2024)

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What is EBET Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. EBET's retained earnings for the quarter that ended in Mar. 2024 was $-160.02 Mil.

EBET's quarterly retained earnings declined from Sep. 2023 ($-151.16 Mil) to Dec. 2023 ($-154.98 Mil) and declined from Dec. 2023 ($-154.98 Mil) to Mar. 2024 ($-160.02 Mil).

EBET's annual retained earnings declined from Sep. 2021 ($-16.65 Mil) to Sep. 2022 ($-62.83 Mil) and declined from Sep. 2022 ($-62.83 Mil) to Sep. 2023 ($-151.16 Mil).

EBET Retained Earnings Historical Data

The historical data trend for EBET's Retained Earnings 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.

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EBET Retained Earnings Chart

EBET Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Retained Earnings

-0.88

-1.45

-16.65

-62.83

-151.16

EBET Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial														-77.49	-122.21	-151.16	-154.98	-160.02

EBET Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

EBET (OTCPK:EBET) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

EBET (EBET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » EBET Inc (OTCPK:EBET) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

3960 Howard Hughes Parkway, Suite 500, Las Vegas, NV, USA, 89169

Website

https://www.ebet.gg

EBET Inc is a technology company developing and operating platforms focused on esports and competitive gaming. It operates a licensed online gambling platform, which is an esports/sportsbook focused on bettors located in Asia and Latin America. It offers real-money betting on esports events from around the world in a secure environment. It accepts wagers on esports titles including Counter-Strike: GO, League of Legends, Dota 2, StarCraft 2, Rocket League, Rainbow Six, Warcraft 3, King of Glory, and FIFA, as well as professional sports including the NFL, NBA, MLB, soccer and more. The company's Brands Includes; Gogawi, Karamba, Griffon Casino, Generation VIP, and Others.

Executives

Aaron Speach	director, officer: Chief Executive Officer	C/O ESPORTS TECHNOLOGIES, INC., 720 SOUTH 7TH STREET, 3RD FLOOR, LAS VEGAS NV 89101
Cp Bf Lending, Llc	10 percent owner	1910 FAIRVIEW AVE E, SUITE 300, SEATTLE WA 98102
Matthew Lourie	officer: Chief Financial Officer	C/O EBET, INC., 197 E. CALIFORNIA AVE STE 302, LAS VEGAS NV 89104
Ebjt Management Llc	10 percent owner	5874 LUSTROUS COURT, LAS VEGAS NV 89148
Christopher Downs	director	31700 RESEARCH PARK DRIVE, MADISON HEIGHTS MI 48071
Michael Nicklas	director	C/O ESPORTS TECHNOLOGIES, INC., 720 SOUTH 7TH STREET, 3RD FLOOR, LAS VEGAS NV 89101
Dennis Neilander	director	C/O ESPORTS TECHNOLOGIES, INC., 720 SOUTH 7TH STREET, 3RD FLOOR, LAS VEGAS NV 89101
James Joseph Purcell	officer: Chief Financial Officer	C/O ESPORTS TECHNOLOGIES, INC., 720 SOUTH 7TH STREET, 3RD FLOOR, LAS VEGAS NV 89101
Bart Barden	officer: Chief Operating Officer	C/O ESPORTS TECHNOLOGIES, INC., 720 SOUTH 7TH STREET, 3RD FLOOR, LAS VEGAS NV 89101