NeoGames Announces Third Quarter 2023 Results
LUXEMBOURG, Nov. 08, 2023 (GLOBE NEWSWIRE) -- NeoGames S.A. (Nasdaq: NGMS) (“NeoGames” or the "Company"), a technology-driven provider of end-to-end iLottery and iGaming solutions, announced today financial results for the third quarter ended September 30, 2023.
- – Third Quarter Net Loss of $3.6 million and Adjusted Net Income, after taking effect of the amortization of Aspire intangibles, was $4.4 million –
– Third Quarter Adjusted EBITDA total $19.9 million, an increase of 13% year-over-year –
LUXEMBOURG, Nov. 08, 2023 (GLOBE NEWSWIRE) -- NeoGames S.A. (Nasdaq: NGMS) (“NeoGames” or the "Company"), a technology-driven provider of end-to-end iLottery and iGaming solutions, announced today financial results for the third quarter ended September 30, 2023. - iLottery revenues were $14.4 million during the third quarter of 2023, compared to $13.7 million during the third quarter of 2022, representing an increase of 5.6% year-over-year.
- Adjusted EBITDA1 was $19.9 million during the third quarter of 2023, compared to $17.6 million during the third quarter of 2022, representing an increase of 12.9% year-over-year.
- In light of the expected sale of the Company to Aristocrat, NeoGames will not be hosting a conference call, or providing quantitative financial guidance in conjunction with its third quarter 2023 earnings release.