Contagious reveals significant growth in first quarter

Contagious Gaming achieved its first quarter of positive adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) during the three months through to June 30.

Revenue in the period came in at $1.1 million (€987,000), up 420% on the first quarter of last year.

Adjusted EBITDA totalled $190,530, compared to a loss of $546,720 last year, while adjusted net loss improved from $1 million to $439,250.

Peter Glancy, chief executive and director of Contagious, said: “Most notably in the first quarter of 2017, we achieved our first quarter of positive EBITDA and adjusted EBITDA.

“The anticipated launch of our expanded online gaming offering which adds fixed-odds sports betting, virtual sports betting and casino games to our Goal Time offering, is expected to drive additional future revenue and EBITDA.

“The company is building out the required infrastructure to launch a B2C and white label business supported by our expanded online gaming offering, initially in the UK.”

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