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GameOn reports record revenue in Q1 202426 July 2024(PRESS RELEASE) -- GameOn, a mobile-first, next-gen sports gaming company, today announces that it has filed its interim unaudited financial statements for Q1 2024. Highlights of the financial statements include record revenue reaching $1.85 million for the quarter (292% increase year-on-year) and net income reaching a profitable $680,000 (compared to a net loss of $390k in the same period in 2023). “Q1 delivered a profitable quarter and watershed moment for the company,” said GameOn CEO, Matt Bailey. “Despite the backdrop of a challenging economic and micro-cap landscape, we continue to drive fundamentals to new heights. Our growth is fueled by our cemented position as a leader in next-gen sports gaming, and our partnerships with the best leagues in the world.” Q1 business highlights and subsequent events include: - Partnered with Sportsology to receive 59m $GAME tokens via a grant agreement - Launched the GameOn beta mobile app on the Apple App Store and Google Play - Reported record numbers in 2023’s audited financial statements “Ongoing momentum will be catalyzed by new league partnerships, $GAME’s recent launch on major exchanges, and GameOn’s launch on the Apple App Store and Google Play,” said Bailey. “Management remains patient, diligent, and uncompromisingly focused on driving the bottom line and delivering value for shareholders.”
GameOn reports record revenue in Q1 2024
is republished from iGamingNews.com.
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