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Impairment charges weigh on Esports Entertainment in tough Q3

24th May 2022 10:11 am GMT
Playtech

Esports Entertainment Group recorded a net loss of $63.6m in its fiscal third quarter ended 31 March, despite net revenue growth of almost 400 per cent.

Net revenue was 391 per cent higher than the same period a year ago at $15.7m, buoyed by growth across its iGaming and eSports verticals, which benefited from a more normalized operating environment during the quarter.

“On the iGaming front, we generated record-breaking quarterly revenue at Lucky Dino, one of our [...]

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