SharpLink Gaming Inc. (NASDAQ:SBET) shares are trading lower Friday after the company reported a year-over-year decline in second-quarter sales and posted a significant net loss.
What To Know: Revenue for second-quarter 2025 came in at $0.7 million, down from $1.0 million in the same quarter last year, while gross profit fell to $0.2 million. The company's net loss for the quarter was $103.4 million, largely driven by an $87.8 million non-cash impairment on its liquid staked ETH holdings and $16.4 million in non-cash stock-based compensation related to a strategic advisory agreement with Consensys.
