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Bingo.com hits Q1 loss despite revenue growth

14th May 2012 7:40 am GMT

Bingo.com Ltd has reported a 64 per cent increase in total revenues to US$0.41m for the first quarter of 2012, following increased investments in the company’s marketing programs.

Revenues were up 4 per cent compared to the previous quarter, with the company benefiting from an increase in the number of players as a result of marketing campaigns.

Gaming revenues were up 67 per cent year-on-year to $0.39m, with advertising revenues generating a further [...]

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