Esports Entertainment Group rises after forecasting higher revenue in FY22

Esports Entertainment

14/10/2021 11:41

** Shares of esports betting firm  GMBL.O  up 17.8% at $7.80
in premarket trading - set for best day in more than 8 months
    ** Stock on track for a third straight session of gains
    ** GMBL on Wednesday said it expects net revenue to increase
by at least 490% to $100 mln to $105 mln in FY22 (https://bit.ly/3mPHyul)
    ** Says rise in FY22 revenue is driven primarily by the
multiple acquisitions completed in calendar 2021
    ** Co also posted a 63% rise in Q4 revenue to $8.8 mln
    ** As of last close, stock had risen ~4% this year


    

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))