NeoGames announced today financial results for the third quarter ended September 30, 2022, the first full quarter after the completion of the Aspire Global combination.

The total of Revenues and the company’s share in NPI revenues was $73.3 million during the third quarter of 2022 compared to $20.2 million during the third quarter of 2021, representing a 262% increase from the prior year, reflecting the business combination with Aspire Global.   

Revenues were $62.2 million during the third quarter of 2022, compared to $12.0 million during the third quarter of 2021. In addition, the company’s share in NPI revenues was $11.1 million during the third quarter of 2022, compared to $8.3 million during the third quarter of 2021, representing an increase of 34.3% year-over-year. 

Aspire Global revenue was $48.5 million for the third quarter, reflecting 8% growth as measured in constant currency, offset by a 16% decrease caused by the impact of foreign currency exchange rates.

Moti Malul, Chief Executive Officer of NeoGames, said: “The strong performance where we grew revenue and profitability across the business is a great start for our first full quarter post completion of the combination.

In iLottery, our top line results grew 22% compared to last year reaching an all-time quarterly record.In addition, iLottery Adjusted EBITDA margins returned to the 40% level during the quarter. These strong results reflect our iLottery platform continuing to power customer results to outperform market performance. Our iGaming and Sportsbetting businesses grew approximately 8% on a constant currency basis reflecting continued strength in our Pariplay and BtoBet offerings. It’s early days in our integration efforts, yet we are already seeing the benefits from the combination as we advance our global leadership across iLottery, iGaming and online sports betting.”

“While we believe our results are indicative of the underlying strength we currently see in our business, we remain aware of the macro environment. We did experience headwinds during the quarter related to fluctuations in foreign currency exchange rates, serving as a reminder that we need to remain disciplined and focused on controlling what we can. As a result of the strengths underpinning our business each of our business lines experienced significant progress during the quarter. These advances demonstrate the value of our platform to customers as the powerhouse of best-of-brand technology servicing the interactive gaming space and to shareholders as a diversified market leader growing across multiple end markets.”