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Mar 31, 2024
GAN Q1 2024 Earnings Report
GAN reported strong B2B revenue growth and reduced operating expenses, offset by unfavorable B2C sports margin.
Key Takeaways
GAN Limited reported its Q1 2024 financial results, highlighting strong B2B revenue growth and reduced operating expenses. However, B2C revenues were impacted by a lower sports margin. The merger with SegaSammy remains on track and is expected to close in late 2024 or early 2025.
B2B revenue experienced strong growth of nearly 10%.
Overall operating expenses were reduced by 20% due to cost initiatives.
B2C revenues were impacted by a lower sports margin.
Merger with SegaSammy remains on track to close in late 2024 or early 2025.
GAN
GAN
GAN Revenue by Segment
GAN Revenue by Geographic Location
Revenue by Segment
B2B Segment Revenue
CapyFin.comB2C Segment Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comEurope Revenue
CapyFin.comLatin America Revenue
CapyFin.comRest of the World Revenue
CapyFin.com Forward Guidance
GAN expects the merger with SegaSammy to close in late 2024 or early 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income