Aaron Speach Chief Executive Officer of EBET
EBET, Inc. Announces Quarter-over-Quarter Revenue Increase of 166%

Posts Revenue of $19 Million for Second Quarter 2022
EBET, Inc., a leading global provider of advanced wagering products and technology, announced revenue for the quarter ended March 31, 2022 of approximately $19 million, up more than 166% quarter over quarter, and a gross profit of approximately $7 million. EBET ended the quarter with a cash position of $7.1 million. This revenue increase is due to the acquisition of the brands Karamba, Hopa, Griffon Casino, BetTarget, Dansk777 and Generation VIP on November 30, 2021. The acquisition included 1.25 million deposited customers.
EBET plans to continue to grow revenue through its iGaming, sportsbook and esports brands with a focus on the Gen Z and Millennial markets. This includes the rollout of its esports odds modeling and wagering product across high-value European markets, as well as expanding geographical reach and investment in intellectual property.
“We are very pleased with our business results for the second quarter, and it is a testament to our focus on creating the best experience for the Gen Z and Millennial wagering market,” commented Aaron Speach, Chief Executive Officer of EBET. “We are delighted to see the strong customer response to our brands and the progress we are making in launching products and investing in proprietary technology.”
Powered by WPeMatico
-
Akshat Rathee5 days ago
PlayStation and NODWIN Gaming Announce the Fourth Edition of the PlayStation India Cup Featuring EA SPORTS FC 26
-
Asia7 days ago
Indian Government Releases Draft Rules for Online Gaming Act 2025
-
Belatra6 days ago
Belatra set to unearth ancient treasures at SiGMA Central Europe
-
2026 conference chairs7 days ago
Regulating the Game issues call for 2026 conference chairs
-
Asia6 days ago
KONAMI Teams Up with Sunil Chhetri to Celebrate Diwali with Exclusive eFootball™ Content and National Tournament
-
BetterGambling6 days ago
BetterGambling Exclusive Report: 800+ UK Casino Operators Face Closure as 2026 Regulations Trigger Industry Apocalypse
-
Compliance Updates6 days ago
MGA Introduces Self-Assessment Tool to Help Individuals Assess Gambling Habits
-
Compliance Updates6 days ago
UKGC Introduces New Deposit Limit Rules