the Sports betting The media compancy company has reduced operating expenses by 62 % year, and the most recent, Quarter report He appears.
The brand is going through a model of rebuilding and highly used. ”This second quarter was under the new approach. The restructuring business model began in late 2024, with a focus on efficiency, improving the player’s liquefaction, and deeper operational discipline.
“We have returned the competition to the engine of a high -performance era,” said Stephen Salies, co -founder and executive director of competition. “The player losing the highest level ever, the producer is stronger than ever, and we do more with less.”
In the second quarter of 2025, the net revenue increased by 24 % to $ 1.6 million ($ 1.2 million), which rises from $ 1.3 million in the first quarter of 2025 despite “declining expenses base and completely flat marketing spending.”
Operating expenses decreased by 62 % to 3.6 million CAD, a decrease from 9.5 million Canadians in the second quarter of 2024. The average cost of customer acquisition throughout H1 2025 was about 1.5 months.
As for the monthly operating expenses at the operating rate, these will remain about $ 600,000.
Competition Company to continue the strategic review and operational focus
The company’s previously announced evaluation of strategic alternatives is still ongoing, as the team continues to explore a set of potential results aimed at increasing the value of shareholders.
“This strategic review revolves around enabling growth from a mainly stronger base,” Saliz said. “We have rebuilt the engine. Now we focus on opening its full potential.”
The time of the completion of the review was not shared, but three concentrations were highlighted. The first is “the normalization of the cost base to the average rate mentioned above by resolving the obligations and rolls that are not repeated from the previous periods.”
The second focus is to stimulate the growth strategy subject to control that will be supported by high marketing efficiency and the average cost of customer acquisition for 1.5 months observed during the year 2025.
Third, the company will consider improving the targeted cost, with the evaluation of additional discounts for H2 2025.
Distinctive image: created by AI via IDEOGRAM
Pamphlet The competition company reduces expenses by 62 %, as Q2 showed the results of a new business model First appear on reading.
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