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Dec 31, 2021
GAN Q4 2021 Earnings Report
GAN's financial results were reported for Q4 2021, impacted by volatile sports margin in B2C segment, offset by new customer growth. Strategic wins, new state launches, and the acquisition of Silverback Gaming were highlighted.
Key Takeaways
GAN Limited reported its Q4 and full year 2021 financial results. The company's Q4 results were affected by the volatile sports margin in the B2C segment. However, GAN achieved strategic wins, launched in new states, and acquired Silverback Gaming. GAN projects strong revenue growth and improved profitability for 2022.
Q4 financial results were affected by the volatile sports margin in the B2C segment.
GAN achieved strategically important wins and new state launches.
Completed the acquisition of Silverback Gaming.
Projecting another year of strong revenue growth and improved profitability in 2022.
GAN
GAN
Forward Guidance
GAN provided full year 2022 revenue expectations of $155 million to $165 million and AEBITDA expectations of $15 million to $20 million. 2022 to focus on execution, cost controls and profitability
Positive Outlook
- Existing growth in B2C
- Launch of Ontario
- New state launches in the U.S.
- Continued momentum behind key initiatives like SuperRGS
- GAN Sports