LONDON STOCK EXCHANGE (LSE): GAN | IRISH STOCK EXCHANGE (ISE): GAME
GAN Reports Q4 2018 Key Performance Indicators Highlighted by 103.9% Growth in Gross Operator Revenue
London & Dublin - January 17, 2019: GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, today announced the release of quarterly key performance indicators
[1] for the fourth quarter of 2018, highlighting exceptionally strong momentum with all business units of the Company (Real-Money Gaming, Simulated Gaming, Online Sports Betting) operating at record levels in Q4 2018.
Management Commentary
Dermot Smurfit, CEO of GAN commented:
“Internet Sports betting in New Jersey drove exceptional growth of Gross Operator Revenue in the last quarter of 2018 with a significant positive impact on Casino revenues from cross-selling casino games to sports gamblers.”
Fourth Quarter 2018 Highlights
This Quarterly publication discloses the Active Player-Days, Average Revenue Per Active Player-Day (ARPDAU) and Gross Operator Revenue, in which GAN participates worldwide in regulated real money Internet gambling markets and Simulated Gaming™.
- Gross Operator Revenue, which comprises the sum of gross revenue from Simulated Gaming; gross gaming revenue from real money regulated Gaming; and gross sports win from real money regulated Sports betting, increased 103.9% year-over-year and 56.4% quarter-over-quarter to $41.8 million. This increase was driven by strong growth in real money regulated gambling in the US and Europe.
- Active Player-Days increased to 4.6 million, an increase of 50.6% year-over-year and 35.7% quarter over quarter.
- Exceptional growth experienced in New Jersey driven regulated Internet Sports betting.
| Existing KPIs |
Q4 2017 |
Q1 2018 |
Q2 2018 |
Q3 2018 |
Q4 2018 |
| Gross Operator Revenue |
$20.5M |
$23.8M |
$24.0M |
$26.7M |
$41.8M |
| % Change YoY |
+35.6% |
+39.0% |
+32.2% |
+40.1% |
+103.9% |
| % Change QoQ |
+7.6% |
+16.2% |
+0.8% |
+11.3% |
+56.4% |
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|
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| Active Player-Days |
3,066,920 |
3,194,907 |
3,133,054 |
3,402,065 |
4,618,215 |
| % Change YoY |
+50.5% |
+43.4% |
+20.5% |
+13.5% |
+50.6% |
| % Change QoQ |
+2.3% |
+4.2% |
-1.9% |
+8.6% |
+35.7% |
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|
|
|
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| ARPDAU |
$6.68 |
$7.55 |
$7.66 |
$7.85 |
$9.05 |
| % Change |
+5.1% |
+12.9% |
+2.8% |
+2.5% |
+15.2% |
Mr. Jameson Wang joined the Company on January 7, 2019 in the new role of Vice President of Analytics and Investor Relations and can be reached on
jwang@GAN.com.
About GAN Plc
GAN is a leading business-to-business (“B2B”) supplier of internet gambling software-as-a-service solutions (“SaaS”) to the US land-based casino industry. The Company has developed a proprietary internet gambling enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming. The Company has also launched digital user acquisition & retention marketing in support of the Internet Casino (
https://casino.winstar.com) provided by GAN’s Digital Marketing Agency in Tel Aviv, Israel.
GAN is listed on the London Stock Exchange (LSE: GAN) and on the Irish Stock Exchange (ISE: GAME).
For more information please visit
www.GAN.com.
For further information please contact:
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Davy (Nominated Adviser, ESM Adviser and Joint Broker) |
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John Frain / Barry Murphy |
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+353 1 679 6363 |
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Liberum (Joint Broker) |
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Neil Patel / Cameron Duncan |
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+44 (0) 20 3100 2000 |
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