FansUnite reveals 22.5% year-on-year revenue growth in Q3
| By Robert Fletcher
Sports betting and igaming operator and supplier FansUnite Entertainment posted a 22.5% year-on-year increase in revenue for the third quarter of its 2021 financial year, but higher spending led to a small increase in its net loss.
Total revenue for the three months through to September 30 amounted to CAN$580,024 (£340,457/€399,961/US$454,024), up from $473,600 in the corresponding period last year.
FansUnite did not publish the full details of its revenue performance but did reveal that it was helped in the quarter by a 19.1% increase in betting turnover to $10.6m.
The provider also noted a number of business highlights for the quarter, including that it was able to secure two licences from Great Britain’s Gambling Commission, to serve as a B2B technology provider and B2C operator in the market.