Lottery.com Announces Strong First Quarter Results – The Bakersfield Californian

First quarter 2022 revenue of $21.2 million, up $15.7 million from the prior-year period

First quarter 2022 gross profit of $18.0 million, up $15.5 million from the prior-year period

First quarter 2022 net loss of $15.8 million, Adjusted EBITDA of $7.7 million1

AUSTIN, Texas, May 16, 2022 (GLOBE NEWSWIRE) — Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (“Lottery.com” or the “Company”), a leading technology company that is transforming how, where and when the lottery is played, reported financial results for the first quarter ended March 31, 2022.

Tony DiMatteo, Lottery.com Co-Founder and CEO, commented, “I’m pleased with our first quarter results and the team’s continued focus on our core business and generating strong Adjusted EBITDA. Once again, LotteryLink has demonstrated its ability to contribute to our top and bottom line growth and expand our user base with limited advertising spend. In our B2C business, our focus on market testing and securing permission to advertise on large…

Read Full Story: https://www.bakersfield.com/ap/news/lottery-com-announces-strong-first-quarter-results/article_d2cc7b20-152c-5695-a41c-2e18915a8cc9.html

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source: https://news.oneseocompany.com/2022/05/16/lotterycom-announces-strong-first-quarter-results-the-bakersfield-californian_2022051619910.html

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