NeoGames sees Q1 rise in revenue and net income thanks to NeoPollard success
| By Marese O'Hagan
Online lottery platform provider NeoGames enjoyed a revenue rise of 46.5% in Q1, while overall net income rose by 4.8% year on year, thanks in part to income from its NeoPollard joint venture.
NeoGames’ revenue totaled at $13.3m, a $4.3m rise from $9.1m in the first quarter of 2020.
However, expenses came to more than $11m, up 42.3%. Distribution expenses, at $2.6m, rose 108.8% year on year. Development expenses came to $2.2m, an 18.8% increase compared to Q1 2020.
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