GAN press release (NASDAQ:GAN): Q4 GAAP EPS of -$0.21 missing by $0.06.
Revenues of $30.7 million (-16.9% y/y) is $3.72 million short.
B2B segment revenue was $11.8 million versus $14.1 million. The decrease was primarily driven by a decrease in our revenue-related contract rates upon expiration of a period of exclusivity with a B2B customer.
B2C segment revenue was $18.9 million versus $22.8 million. The decrease was primarily driven by increased World Cup activity in the fourth quarter of 2022.
The segment’s total contribution was $20.9 million versus $26.9 million. The decrease was primarily driven by the decrease in both of the above-mentioned factors in the revenues of the B2C and B2B segments.