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Stock impact report

GAN Reports Fourth Quarter and Full Year 2023 Financial Results

GAN Limited - Ordinary Shares (GAN) 
Company Research Source: Business Wire
Following Shareholder Approval of Merger with Sega Sammy Holdings, the Company Expects Completion of Transaction in Late 2024 or Early 2025 IRVINE, Calif.--(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 quarter and year ended December 31, 2023.Fourth Quarter 2023 Compared to Fourth Quarter 2022Total revenue of $30.7 million decreased 17%, or $6.2 million, compared to the prior year quarter.B2B segment revenue was $11.8 million versus $14.1 million. The decrease was primarily driven by a decrease in our contractual revenue rates related to the expiration of an exclusivity period with a B2B customer.B2C segment revenue was $18.9 million versus $22.8 million. The decrease was primarily driven by increased activity from the World Cup occurring in the four Show less Read more
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