Lottery.com expects revenue to rocket in second quarter

| By Robert Fletcher
Lottery broker and information portal Lottery.com expects revenue for the second quarter of its 2021 financial year to increase by up to 966.7% year-on-year.
revenue expense

Lottery.com said revenue for the three-month period is likely to amount to between $9.1m (£6.5m/€7.7m) and $9.6m on a reported basis, both of which would be significant improvement on the $900,000 posted in Q2 of last year.

Pro forma revenue, including the recently acquired interests in Juega Lotto and Agana, is set to reach between $10.0m and $10.5m, Lottery.com said in a preliminary results posting.

During the last four quarters ended June 30 this year, sequential revenue growth averaged approximately 87% per quarter and Lottery.com said it expects to achieve similar average growth in the near term.

However, Lottery.com noted that this forecast growth does not include the interests in Juega Lotto and Aganar, which are expected to be an additional tailwind to revenue growth.

Read the full story on iGB North America.

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