Scout Gaming finishes rough financial year

(PRESS RELEASE) -- Scout Gaming Group, a licensed and regulated provider of B2B Daily Fantasy sports, sportsbook, fantasy betting and other sports betting products, released its Q4 and full-year 2022 financial reports.

b>Fourth quarter: October – December 2022

• Revenues from the gaming operation amounted to mSEK 8.0 (8.4), corresponding to a decrease of 4 percent
• B2B revenues amounted to mSEK 5.1 (3.0), an increase of 70 percent
• B2C revenues amounted to mSEK 2.9 (5.4), a decrease of 45 percent
• Total revenues amounted to mSEK 8.0 (10.1)
• EBITDA decreased to mSEK -10.7 (-37.3)
• Net result decreased to mSEK 0.0 (-39.1)
• Earnings per share amounted to SEK 0.00 (-1.73)
• Signed agreements with Apple iSports and Cartola Express

Full year 2022

• Revenues from the gaming operation amounted to mSEK 25.6 (31.8), corresponding to a decrease of 20 percent
• B2B revenues amounted to mSEK 14.0 (9.6), an increase of 46 percent
• B2C revenues amounted to mSEK 11.7 (22.2), a decrease of 47 percent
• Total revenues amounted to mSEK 25.6 (36.6)
• EBITDA decreased to mSEK -67.9 (-84.3)
• Net result decreased to mSEK -60.1 (-82.6)
• Earnings per share amounted to SEK -0.27 (-3.67)
• The Board of Directors proposes that no dividend will be paid for the financial year 2022.