**SharpLink Gaming, Inc. Announces Q3 2025 Financial Results and Conference Call Details**
**MINNEAPOLIS, MN – Nov. 12, 2025** (GLOBE NEWSWIRE) — SharpLink Gaming, Inc. (Nasdaq: SBET) (“SharpLink” or the “Company”), one of the world’s largest corporate holders of Ether (ETH) and a leading industry advocate for Ethereum adoption, today announced its financial results for the third quarter ended September 30, 2025, and provided key highlights on its ongoing ETH treasury strategy.
**Q3 2025: Record Performance Driven by ETH Treasury Strategy**
“The third quarter of 2025 marked our first full quarter executing SharpLink’s ETH treasury strategy, and the results clearly validate our approach. We’ve deployed nearly all of our ETH holdings into productive, yield-generating staking, while maintaining disciplined risk management,” stated Joseph Chalom, Co-CEO of SharpLink.
Chalom further noted, “We’ve doubled our ETH per share concentration from 2.0 to 4.0 since the inception of our treasury, continuing to focus on long-term value accretion for our stockholders.”
**Third Quarter 2025 Financial Highlights**
– **Total Revenue:** Increased to approximately $10.8 million, up more than 1,100% from $0.9 million in Q3 2024, driven by strong performance from SharpLink’s actively managed ETH treasury.
– **Net Income:** Jumped to approximately $104.3 million, or $0.62 per fully diluted share, compared to a net loss of approximately $885,000, or $(3.02) per fully diluted share in Q3 2024.
– **ETH Holdings:** Totaled approximately 817,747 ETH as of September 30, 2025, rising to 861,251 ETH as of November 9, 2025.
– As of September 30, 2025: 580,841 native ETH and 236,906 liquid staking (LsETH).
– As of November 9, 2025: 637,752 native ETH and 223,499 as-if-redeemed LsETH.
– **Crypto Assets and Cash:** Crypto assets totaled approximately $3.0 billion; cash on hand was $11.1 million; USDC stablecoins totaled $26.7 million.
**Key Operational Highlights**
– In August, SharpLink’s Board authorized a $1.5 billion stock repurchase program. As of September 30, 2025, the Company had repurchased 1,938,450 shares for $31.6 million.
– In September, SharpLink partnered with Superstate to launch tokenized SBET on Ethereum.
– In mid-October, the Company announced the pricing of a $76.5 million registered direct offering, priced at a 12% premium to SharpLink’s closing share price as of October 15, 2025, and above the net asset value of its then-current ETH holdings.
– In October, SharpLink expanded its leadership team with Matthew Sheffield (CIO), Mandy Campbell (CMO), and Michael Camarda (Chief Development Officer), bringing expertise from FalconX, Bridgewater, Bain Capital Crypto, Consensys, and JPMorgan.
**Strategic Outlook**
“SharpLink is pioneering a new model for publicly traded ETH treasury companies—combining the agility of active asset management with the transparency of a public company,” continued Chalom. “Our ability to dynamically manage capital, pursue sophisticated compounding yield strategies, and partner with the most revered names in the Ethereum ecosystem positions SharpLink as a leader as the Ethereum institutional supercycle accelerates.”
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**Conference Call Details**
SharpLink’s executive team will host a conference call, followed by a Q&A session, on **Thursday, November 13, 2025, at 8:30 AM ET**.
**How to Participate:**
– **Toll-Free Dial-In:** (877) 407-2988
– **International Dial-In:** (201) 389-0923
– **Webcast:** [SharpLink’s Q3 2025 Earnings Call](#)
– **Call Me Option:** [Instant telephone access – active 15 minutes before the start time](#)
A telephonic replay will be available approximately three hours after the call concludes, through Thursday, November 27, 2025.
– **Toll-Free Replay:** (877) 660-6853
– **International Replay:** (201) 612-7415
– **Replay ID:** 13756869
Links to the live webcast and replay will also be available on SharpLink’s [investor relations page](https://www.sharplink.com).
For more information, please refer to the Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2025, filed with the U.S. Securities and Exchange Commission ([www.sec.gov](https://www.sec.gov)) or at [SharpLink’s website](https://www.sharplink.com).
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**About SharpLink Gaming, Inc.**
Headquartered in Minneapolis, Minnesota, SharpLink Gaming, Inc. (Nasdaq: SBET) is one of the world’s largest publicly traded companies to adopt ETH as its primary treasury reserve asset. This strategic move aligns SharpLink with the future of digital capital and gives investors direct exposure to Ethereum, the world’s leading smart-contract platform and second largest digital asset.
**Learn more at:** [www.sharplink.com](https://www.sharplink.com)
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**Forward-Looking Statement**
Statements in this press release about future expectations, plans, and prospects, as well as any other statements that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to various risks and uncertainties, including but not limited to:
– Goals and expectations regarding the Company’s strategy and potential partnerships
– The Company’s ability to repurchase additional shares through its stock repurchase program
– Use of the Company’s ATM facility
– Achievement of profitable operations
– Fluctuations in the market price of ETH, which may impact financial reporting
– Government regulation of cryptocurrencies and online betting
– Changes in securities laws or regulations
– Customer acceptance of new products/services
– Competitive pressures and other risks as detailed in the Company’s annual report and SEC filings
Under U.S. GAAP, entities are generally required to measure certain crypto assets at fair value, with changes reflected in net income each reporting period. Changes in the fair value of crypto assets could result in significant balance sheet and income statement fluctuations. For certain types of crypto assets, the Company uses the historical costs less impairment model, which may require impairment charges if market prices decline below cost value.
Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company does not undertake responsibility to update such statements.
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**Investor Relations Contact**
Sean Mansouri, CFA or Aaron D’Souza | Elevate IR
Phone: (720) 330-2829
Email: [email protected]
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*This press release is for informational purposes only. Please refer to the official filings and website for more detailed information.*
https://www.globenewswire.com/news-release/2025/11/13/3186942/0/en/UPDATED-SHARPLINK-DEMONSTRATES-STRONG-GROWTH-MOMENTUM-IN-THIRD-QUARTER-2025-AS-IT-ADVANCES-EXECUTION-OF-ETH-TREASURY-STRATEGY.html