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Stock impact report

GAN Reports First Quarter 2024 Financial Results [Yahoo! Finance]

GAN Limited - Ordinary Shares (GAN) 
Company Research Source: Yahoo! Finance
IRVINE, Calif., May 09, 2024 BUSINESS WIRE )--GAN Limited (NASDAQ: GAN) (the "Company" or "GAN"), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reported its unaudited financial results for the first quarter ended March 31, 2024. "Our first quarter saw strong B2B revenue growth of nearly 10% as well as successful ongoing cost initiatives to reduce our overall operating expenses by 20%," commented Seamus McGill, GAN s Chief Executive Officer . "Our B2C revenues were impacted by a lower sports margin, though we are excited about the pending rollout of new products such as pre-built parlay bets and the upcoming major events like the European Championship as well as Copa Americ a – one of the largest soccer tournaments in Latin America where Coolbet is particularly strong." Mr. McGill added, "Meanwhile, we continue to optimize how we operate the business as we work tow Show less Read more
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