This story was published more than 2 years ago.
Online fantasy sports firm Scout Gaming has posted their first quarter financial results, noting that they had higher losses even though their revenue rose sharply.
Key financial indicators for the first quarter ending March 31st, 2019 were:
In spite of the loss the company's CEO Andreas Ternstrom said, "As the fantasy vertical outside the US still is at an early stage, the typical customer development is strong growth from a small base, with a sharp growth gradually increasing.
"During the quarter, we have continued to roll out our products in new markets and are now live, albeit small-scale, in both North and South America, Asia and Europe."
"As markets mature, new products are being demanded and we quickly get on the radar as an attractive alternative for companies wanting a broader sports offering."