The quarterly report for GAN, a North American B2B and B2C iGaming firm, has been released. Another quarter with mixed results, this one ending on June 30.
Following a less-than-stellar performance in Q1, the firm reported Q2 sales of $33.8 million, down from $35 million a year earlier.
As a result of a decline in contractual revenue rates, the company's business-to-business (B2B) sales fell from $14.2 million to $9.9 million. Fortunately, growth in the B2C vertical more than made up for the drop in the B2B vertical, with Q2 2023 B2C revenue of $23.9 million, up from $20.8 million in Q2 2022.
