GAN jumps as revenue forecast raised on sports betting gains

GAN

07/07/2021 22:23

** Shares in parent of Coolbet sports-betting platform
 GAN.O  rise 17% to $17.73 after the bell
    ** Raises 2021 revenue forecast to a range of $125 million
to $135 million from $103 million to $108 million, driven by two
major sporting events in the second quarter  urn:newsml:reuters.com:*:nASA02DDE
    ** Posts prelim second-quarter revenue of $34 million to $35
million and adjusted earnings before interest, taxes,
depreciation, and amortization (EBITDA) of between $3 million
and $7 million
    ** Four analysts polled by Refinitiv expect 2021 revenue of
$106.2 million and second-quarter revenue of about $24 million
    ** GAN shares have shed a quarter of their value YTD

 (Reporting by Praveen Paramasivam)
 ((Praveen.Paramasivam@thomsonreuters.com;))