Business News and Headlines
Business
November 6, 2025
Sportradar Reports Robust Q3 Metrics, Despite Profit Headwinds
Sportradar Group has published its financial results for the third quarter of the year, reporting double-digit revenue growth. The company attributed its stable financials to its strong performance in the key US market. The Company’s Metrics Increased In its report, Sportradar outlined Q3 revenue of EUR 293 million ($338 million), up 14% year-on-year. This was […]
Business
November 6, 2025
Light & Wonder Posts Strong Q3 Ahead of ASX Move
It’s been a few busy months for the global leader in gaming content and hardware, Light & Wonder. The company cleared for launch in the UAE in July, inked a new partnership with Betson Enterprises, marking its entry into Nevada in mid-August, and announced its readiness to penetrate the Philippines gaming market in September. Now, […]
Business
November 5, 2025
Genius Sports Publishes Q3 Report, Updates Guidance
Genius Sports has released its Q3 report, outlining double-digit revenue growth and leading to a raise of the company’s full-year guidance. The growth was driven by the strong performance of the Media division. The Company Had a Favorable Quarter In its official report, Genius Sports highlighted group revenue of $166.3 million, up 38% year-on-year. As […]
Business
November 5, 2025
BofA Downgrades DraftKings and Flutter Amid Market Uncertainties
Sportsbook operators DraftKings and Flutter’s shares have dropped to neutral, after Bank of America lowered its ratings on both companies to that level recently. The bank highlighted renewed challenges from fluctuating betting margins, potential state tax headwinds, and ongoing uncertainty surrounding the development of prediction markets as a reason for its decision. DraftKings and Flutter’s […]
Business
November 5, 2025
ClearStake Secures GBP 1.5 Million to Expand Player Verification Technology
UK-based player verification and affordability platform ClearStake has completed a new funding round, raising GBP 1.5 million ($1.96 million), thanks to several prominent investors from the online gaming and fintech sectors. The extra capital will support the launch of the company’s new ID by Bank product, which enables gaming operators to check player identities directly […]
Business
November 5, 2025
Catena Media Posts Q3 Results, Outlines “Solid Quarter”
Leading gaming affiliate Catena Media has reported its financials for the three months ended September 30, 2025 (Q3), outlining a quarter of solid performance. A Solid Quarter for the Business In its interim report for the quarter, Catena Media reported Q3 revenue of EUR 11.6 million ($13.3 million), marking an increase of 9% year-on-year. The […]
Business
November 5, 2025
Kambi Posts Mixed Q3 Results Due to Quieter Sporting Calendar
Kambi Group has published its financial results for Q3, outlining a decrease in revenue amid certain headwinds and a quieter sporting calendar. Despite that, the company leadership remained bullish on the company’s long-term prospects. Kambi’s Q3 Metrics Experienced a Decline In its report, Kambi outlined Q3 revenue of EUR 37.4 million ($43 million), marking a […]
Business
November 5, 2025
MyPrize Becomes the First Sweepstakes Company Entering the Prediction Markets Space
Trusted crypto-asset service provider Crypto.com announced yet another partnership, this time with sweepstakes specialist MyPrize. The agreement will turn the latter company into the first sweepstakes business to enter the hot prediction markets space. MyPrize Enters the Prediction Markets Space MyPrize is a fast-growing sweepstakes operator that has long enjoyed a significant presence in the […]
Business
November 4, 2025
Ezugi to Power bet365 with Best-in-Class Live Casino Games
Ezugi, a next-generation live dealer casino platform, has unveiled a major new partnership with gaming and betting juggernaut bet365. Per the agreement, the former company will supply the operator with cutting-edge content in select markets. The Deal Is Live in Ontario, US and UK Launches Are Imminent According to Ezugi’s official announcement, the partnership will […]
Business
November 4, 2025
Novomatic Extends Takeover Bid for Ainsworth amid Mounting Tensions
Austrian gaming giant Novomatic AG has extended its bid to acquire the remaining shares of Ainsworth Game Technology (AGT) by another month, with a new deadline of December 3. The company’s ongoing efforts to consolidate its control over the Australian slot machine manufacturer have drawn significant attention after a filing with the Australian Securities Exchange […]