)
Visual24 Oct 2025
The rise of Alphabet
GAN (GAN) investor relations material
GAN Q1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2025 earnings summary9 May, 2025
Executive summary
Revenue declined 4.2% year-over-year to $29.4M, mainly due to the expiration of a major U.S. B2B contract, partially offset by B2C growth in Europe and Latin America.
Net loss widened to $6.8M from $4.2M in the prior year quarter, reflecting lower B2B revenue and higher costs.
Adjusted EBITDA was negative $1.5M, compared to negative $0.6M in the prior year period.
The company is progressing toward a merger with SEGA SAMMY CREATION, expected to close in Q2 2025, pending regulatory approvals.
B2C revenue grew to $24.3M from $18.3M, driven by strong performance in Europe and Latin America.
Financial highlights
Revenue: $29.4M, down from $30.7M year-over-year.
Net loss: $6.8M, compared to $4.2M loss in Q1 2024.
Operating loss: $5.1M, up from $3.3M loss year-over-year.
Cash and cash equivalents: $39.9M as of March 31, 2025.
Adjusted EBITDA: $(1.5)M, compared to $(0.6)M in Q1 2024.
Outlook and guidance
Management expects continued B2C growth in Europe and Latin America, with B2B revenue impacted by the expired U.S. contract.
The company anticipates closing the SEGA SAMMY CREATION merger in Q2 2025, subject to final regulatory approvals.
Mitigation plans include cost reductions, exiting negative margin geographies, and headcount reductions to achieve cash flow targets.
Forward-looking statements highlight expectations for improved profitability and continued B2C growth.
How will the multistate B2B contract expiration impact GAN?
Assess the impact of Chile's VAT on GAN's financials.
What are the key assumptions for synthetic equity valuation?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
GAN Limited is a technology company that provides software-as-a-service solutions for the online gaming and sports betting industries. The company offers a full suite of platform services, including account management, payment processing, and game content, to casino operators and sportsbooks. GAN Limited is headquartered in Irvine, California, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage