GAN has reported a mixed second quarter led by 2% top-line growth.
All-in-all, the company generated $35m in revenue, a modest rise from last year’s $34.4m. This increase is largely attributable to GAN’s B2B segment, which produced $14.2m, up 36% year-on-year.
The company credited this to an increase in development services, as well as hardware sales and organic growth more broadly in US real-money iGaming.
However, the performance of GAN’s B2B segment was offset by a B2C decline. This latter area generated $20.8m in second quarter revenue, down from $24m.