GAN Q3 2022 Earnings Report
Key Takeaways
GAN Limited's third quarter was marked by the launch of B2B sports betting technology and managed trading services in the U.S. The company is focused on cost rationalization and productivity enhancements to navigate a challenging environment. A difficult foreign exchange environment and European headwinds impacted the third quarter performance.
Launched B2B sports betting technology and managed trading services in the U.S.
Continued progress toward the domestic launch of GAMESTACK 2.0.
Focused on cost rationalization measures and productivity enhancements.
Cost reduction efforts are helping to yield improved margins.
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Forward Guidance
Although expecting a significant increase in activity for the World Cup, the unique nature of the event and the wide range of potential outcomes for the quarter have led to the suspension of guidance for the full year.