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Esports Technologies Announces Revenue Of $7 Million For Q1 2022

Esports Technologies Inc, a leading global provider of advanced esports wagering products and technology, announced revenues for the quarter (that ended on December 31st, 2021) of approximately $7.1 million and a gross profit of approximately $2.5 million, with nearly all of it coming in December. During the quarter, the company invested in the expansion to additional markets for its casino, sportsbook, and esports offerings, including Asia, Latin America, and Europe. Esports Technologies has consolidated all of its brands onto a single platform, which will enhance efficiency as it launches in new markets.

“This quarter, we have made a big step towards our vision to be the leader in esports wagering,” said Aaron Speech, CEO of Esports Technologies. “The boost in revenue from our newly acquired brands is a great indication of future growth. With this business and our other avenues for growth, we are strongly positioned to capitalize on the heightened popularity and interest in esports.”

The company plans to continue to invest in new esports products and intellectual property. This includes the continued development of its odds-modeling technology to provide improved odds and more betting options to players, as well as its patent-pending browser extension that will allow live wagering within any streaming environment.

(All information was provided by Kilgore News-Herald)

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