SharpLink Gaming announced exceptional results for Q3 2025, primarily fueled by its successful strategy centered on Ethereum (ETH).
Financial Highlights
- Revenue: The company posted $10.8 million in Q3 2025 revenue, marking a substantial 1,100% year-over-year increase.
- Net Income: Net income skyrocketed to $104.3 million ($0.62 per share), a significant turnaround from a net loss of $885,000 in the same quarter last year.
- Crypto Holdings: SharpLink's total crypto assets neared $3 billion. Its ETH holdings grew from 817,747 tokens on September 30 to 861,251 ETH by November 9, 2025.
- Capital Moves: The company initiated a $1.5 billion stock repurchase program, buying back $31.6 million worth of shares. It also completed a $76.5 million direct stock offering in October 2025, indicating strong investor confidence in its ETH-linked equity.
Ethereum Deployment and Yield Strategy
SharpLink's financial performance is anchored by its strategy of optimizing returns through institutional-grade DeFi yield generation:
- DeFi Commitment: The firm committed $200 million of its ETH to Consensys' Linea platform, a high-performance zkEVM Layer 2 solution.
- Staking and Restaking: SharpLink uses platforms like ether.fi and EigenCloud to engage in liquid staking and restaking via EigenLayer’s Actively Validated Services (AVS), which allows them to earn multiple yield streams.
- On-Chain Expansion: The company launched tokenized SBET on Ethereum in partnership with Superstate, further integrating its business with the ecosystem.
- Security: Anchorage Digital provides secure custody for the assets, ensuring compliance.
Strategic Direction
To support its complex asset management strategy, SharpLink expanded its leadership team, hiring senior professionals from firms like JPMorgan, Bain Capital Crypto, and Consensys, including a new Chief Investment Officer (Matthew Sheffield). The company is set to discuss its results and future outlook on a conference call scheduled for November 13, 2025.
November 2025, Cryptoniteuae