Red Tiger
Red Tiger
Aspire Global

GAN swings to loss despite 2020 revenue growth

26th March 2021 9:40 am GMT

New York-listed gaming technology provider GAN has reported a 17 per cent increase in revenue to $35.2m in 2020, with higher costs resulting in a loss of $20.2m for the year.

The year-on-year revenue growth was driven by an improvement in recurring revenue-oriented services including its B2B real-money gaming business and Simulated Gaming revenue, which increased 6 per cent and 66 per cent respectively to $25.6m and $9.5m.

In 2020, $0.3m of B2C revenue was recognized compared [...]

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