Scout Gaming publish first quarter report Jan-Mar 2022
First quarter: January - March 2022
- Revenues from the gaming operation amounted to mSEK 6.7 (8.4), corresponding to a decrease of 20%, due to effects from the war between Russia and Ukraine.
- B2B revenues amounted to mSEK 2.4 (1.9), increase of 23%
- B2C revenues amounted to mSEK 4.3 (6.5), decrease of 34%
- Total revenues amounted to mSEK 12.0 (13.4)
- EBITDA decreased to mSEK -18.2 (-15.0)
- Net result decreased to mSEK -19.6 (-9.3)
- Earnings per share amounted to SEK -0.9 (-0.5)
- Scout Gaming entered into an agreement with bet365, the world leading sportsbetting operator.
Events after period end
- Cost reduction program has been launched which will give effect during the second quarter, but with full effect during the second half of the year.
The report is published on Scout Gaming Groups website: https://www.scoutgaminggroup.com/investor-relations/financial-reports
For additional information, please contact:
Andreas Ternström, CEO
Phone: +46 706 770 660
E-mail: [email protected]
Niklas Jönsson, CFO
Phone: +46 725 494 173
E-mail: [email protected]
About Scout Gaming Group
Scout Gaming Group is a licensed and regulated provider of B2B Daily Fantasy Sports, Sportsbook, Fantasy betting and other sports betting products. The company offers a flexible and customizable network-based platform with support for most sports and leagues through an in-house StatCenter which also provides real-time information to players. The Group is headquartered in Stockholm, Sweden with development and operations in Bergen, Norway and Lviv, Ukraine. Scout Gaming is listed on Nasdaq First North Growth Market and the Certified Adviser is Redeye AB. Contact details: [email protected], +46 (0)8 121 576 90.