A stage light with electronically adjustable lighting effects comprises a light box with a heat dissipation mechanism, a heat dissipation hole formed on a rear side communicating with the mechanism, and a light panel disposed on a front side; a dimmable glass disposed on the light panel, comprising an outer glass layer and liquid crystal molecules; and a control box disposed on the light box and having a control circuit electrically connected to the glass, the control circuit comprises a central processing unit, a voltage regulating unit and a signal receiving unit, the signal receiving unit receives a digital multiplexing signal and transmits it to the central processing unit that generates a voltage adjustment command through the signal and transmits the command to the voltage regulating unit, the voltage regulating unit controls arrangement of the liquid crystal molecules through the command to change a light transmittance of the glass.