A weaker-than-expected performance from its social division and higher marketing and administrative costs has resulted in Stride Gaming posting a £10.3m loss for the first half of its financial year.
The swing to a loss came despite a 103.8 per cent increase in net revenue to €44.0m, following the inclusion of newly acquired assets 8Ball, Netboost Media and Tarco at the start of the six-month period.
This was driven predominantly by NGR from Stride’s proprietary platform, which jumped [...]
