GAN a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reported its unaudited financial results for the fourth quarter and year ended December 31, 2024.

Total revenue was $31.7 million an increase of 3% by an increase in the B2C segment. B2B segment revenue was $9.0 million versus $11.8 million the decrease was primarily related to a B2B partner exit.

Operating expenses were $23.4 million versus $29.5 million, the decrease was primarily attributable to the Company’s overall reduction in compensation costs and reduced headcount realized as part of ongoing cost saving initiatives, as well as lower depreciation and amortization expenses as a result of intangible assets fully amortizing in the prior year.

Seamus McGill, GAN’s Chief Executive Officer, said, “I’d like to thank our entire global team for continuing to execute and grow our business on a streamlined cost structure. This led to stronger financial performance in 2024 with growth in both the top and bottom line.

We are simultaneously working diligently to close our merger with SEGA SAMMY. We continue to work through the remaining regulatory requirements and expect the merger to be successfully completed in the second quarter of 2025.”