Lottery.com operating strategies pay off in second quarter results
Lottery.com provided preliminary results for second quarter 2021 revenue, which is expected to be between $9.1 million and $9.6 million on a reported basis and between $10.0 million and $10.5 million on a pro forma basis including the recently acquired interests in Juega Lotto and Aganar. This compares to $0.9 million on a reported basis in the second quarter of 2020.
During the last four quarters ended June 30, 2021, sequential revenue growth averaged approximately 87% per quarter, and the Company expects to achieve similar average growth in the near term. This growth does not include the acquired interests in Juega Lotto and Aganar, which are expected to be an additional tailwind to revenue growth.
Revenue through the first six months of 2021 is expected to be between $14.6 million and $15.1 million on a reported basis and $16.5 million and $17.0 million on a pro forma basis including the recently acquired interests in Juega Lotto and Aganar. Through the first six months of 2021, pro forma revenue is more than 60% above the full 12 months of 2020, also on a pro forma basis giving effect to the acquisitions of Juega Lotto and Aganar.
Tony DiMatteo, Chief Executive Officer of Lottery.com, stated, “Our revenue in the first half of the year is tracking ahead of our internal estimates, and based on the progress we are making on several initiatives and historical growth trends, we are forecasting strong sequential growth in the second half of 2021. We continue to focus on bringing new products to market and executing agreements with new partners, affiliates and complimentary service providers to realize our vision of being a premier global marketplace for all forms of online gaming.”
Vadim Komissarov, Chief Executive Officer of Trident added, “We are pleased with the growth Lottery.com has continued to demonstrate and are optimistic about the Company’s future. Both teams at Trident and Lottery.com are working together and sharply focused on completing our business combination as quickly as possible.”