Revenue was "basically flat compared to the prior-year quarter," according to the gambling industry. This was "offset by a $1.7 million decline in its B2C segment, due to unfavorable foreign currency changes," the company said, adding that its B2B sales had climbed 14% to $1.5 million.
However, its adjusted EBITDA was $2.1 million as opposed to a loss of $900,000 in the third quarter of 2021, a $3 million swing for GAN.
However, its adjusted EBITDA was $2.1 million as opposed to a loss of $900,000 in the third quarter of 2021, a $3 million swing for GAN.