Lottery.com jumps as Q1 revenue rises nearly four-fold

Sports Entertainment Gaming Global

16/05/2022 12:27

** Shares of lottery game service  LTRY.O  up ~8% at $1.52
before the bell 
    ** LTRY's Q1 revenue jumps nearly four-fold to $21.2 mln
from a year earlier 
    ** CEO Tony DiMatteo says so far in Q2, co has seen solid
increases in app downloads while achieving relatively low
customer acquisition costs
    ** However, LTRY's Q1 net loss widens to $15.8 mln, or 33
cents per share, from $5.5 mln or 24 cents/shr a year earlier
    ** Up to Friday's close, stock had fallen ~78% YTD 

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))