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Contagious prepares for B2C expansion as Q1 revenue soars

30th August 2016 8:58 am GMT

Toronto-listed gambling business Contagious Gaming says that it expects the expansion of its online gaming offering to drive future revenue growth, after seeing revenue more than quadruple in the first quarter of its financial year.

Revenue for the three month period ended June 30th climbed from CAD$209,938 a year ago to $1.09m, driving the business to its first quarter of positive earnings before interest, tax, depreciation and amortisation.

Adjusted EBITDA for Q1 came in at $190,528 compared with a loss [...]

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