GAN reported its financial results for 2024, showing a solid improvement in performance. The company achieved growth in revenue and reduced its net loss. The merger with SEGA SAMMY is expected to finalize in Q2 2025. See Q4 2024 (vs. Q4 2023) and 2024 full year results:

  • Total revenue for Q4 2024 was $31.7 million, a 3% increase, mainly due to growth in the B2C segment.

  • B2B segment revenue declined to $9.0 million from $11.8 million in Q4 2024, mainly due to the exit of a B2B partner.

  • B2C segment revenue rose to $22.7 million from $18.9 million in Q4 2024, with strong European growth offset by declines in Latin America.

  • Net loss in Q4 2024 improved to $4.2 million from $9.4 million, driven by increased revenues and lower costs.

  • Adjusted EBITDA in Q4 2024 was close to breakeven, improving from a loss of $3.9 million in Q4 2023.

  • Full-year 2024 revenue reached $135.0 million, a 4% increase, with B2B segment revenue up to $50.7 million.

  • Full-year 2024 net loss improved to $8.0 million from $34.4 million, with adjusted EBITDA turning positive at $8.6 million.

  • The SEGA SAMMY merger has received key regulatory approvals and is expected to close in Q2 2025.

Seamus McGill, GAN’s Chief Executive Officer, said, “I’d like to thank our entire global team for continuing to execute and grow our business on a streamlined cost structure.”

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