NeoGames has published its second quarter financial results. For Q2, the iGaming supplier generated $21.1m, a 64% increase when compared to last year’s $12.9m.
However, the supplier’s top-line growth was offset by costs associated with its acquisition of Aspire Global.
The transaction negatively impacted the supplier’s profitability to the tune of $14.2m during Q2, resulting in a comprehensive loss of $12.9m, down year-on-year from a comprehensive income of $2.8m.
However, due to the one-time nature of this transaction, the supplier’s Q2 loss is not necessarily reflective of its broader financial performance.