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GAN posts strong revenue growth but loss widens in Q3

17th November 2020 8:36 am GMT

Gaming technology supplier GAN has reported an 86 per cent improvement in third quarter revenue to $10.27m, although higher costs contributed to a widening loss for the period.

Real-money iGaming revenue climbed by 86.3 per cent year-on-year to $7.69m in Q3, with simulated gaming contributing revenue of $2.58m, an increase of 85.5 per cent versus the same period a year ago.

This growth was driven by the US market, which almost doubled revenue to $8.66m, while revenue [...]

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