FansUnite Entertainment nine-months revenue surges
28 Nov 2022
FansUnite’s total revenue for the three months ended September 30, 2022 was $4.95 million, an increase of approximately 753% as compared to $0.58 million over the same period in the last fiscal year.
Total revenue for the nine months ended September 30, 2022 was $20.08 million, an increase of approximately 665% as compared to $2.62 million over the same period in the last fiscal year.
Net income for the three months ended September 30, 2022 was $23.41 million, which includes a $51.76 million gain on revaluation of contingent consideration less non-cash expenses and impairment of $22.39 million, as compared to a net loss of $2.64 million over the same period in the last fiscal year, which includes non-cash expenses of $0.77 million.