High Roller Technologies just shared its Q1 2025 results – and there’s a lot happening behind the scenes. The online casino operator, best known for its High Roller and Fruta brands, posted slight revenue growth while ramping up a major strategic shift. One major move: entering the regulated Canadian market, starting with Ontario. High Roller revenue is central to this change.

• Revenue for Q1 2025 hit $6.8 million, a 4% year-over-year increase compared to Q1 2024. The company also reported a net loss of $3.3 million, widening from $1.8 million the year before. Loss per share increased from $(0.26) to $(0.39).

• The company applied for a gaming license in Ontario and plans to launch there in the second half of 2025. CEO Ben Clemes called Ontario High Roller’s “first step into North America.” The company also noted positive developments in Alberta’s regulatory outlook.

• High Roller had close to 30,000 active users in Q1, up 34% from the same period last year. It added 761 new games, bringing its total portfolio to more than 5,300. These additions support the company’s ongoing refresh of its brand experience.

• A reorganization began in Q1 2025 to align operations with regulated market goals. This includes winding down non-growth regions and cutting third-party affiliate costs. High Roller expects these moves to improve margins in the second half of the year.

• Leadership changes included hiring Emily Micallef as Chief of Staff and Seth Young as SVP of Corporate Strategy & Investor Relations. The company also reallocated marketing spend going into Q2 to boost efficiency. High Roller revenue growth is expected to benefit from these structural adjustments.

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