Gan Limited (GAN) Quarterly and Annual Segment Results by Country and Region - CSIMarket
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Gan Limited  (NASDAQ: GAN)

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Description of Gan Limited's Business Segments


Gan Limited is a company that specializes in providing a variety of products and services primarily in the gaming and online gambling sector. Its offerings can be broadly categorized into several segments, reflecting a comprehensive approach to enabling operators and enhancing user experiences. Here’s an extensive overview of its key segments, products, and services:

Segments

1. B2B Gaming Solutions:
- Gan Limited operates primarily in the Business-to-Business (B2B) space, offering a wide range of gaming solutions to other businesses, particularly online gambling operators. This segment includes a suite of tools designed to facilitate the efficient operation of online casinos and sports betting platforms.

2. Online Gaming Software:
- This segment focuses on the development and deployment of proprietary gaming software. Gan Limited provides customizable software solutions that enable operators to launch and manage online gaming websites with various gaming capabilities.

3. Managed Services:
- The company offers managed services to support online gaming operators. This includes full operational support, from platform management to customer service, allowing clients to focus on their core business while utilizing Gans expertise.

4. Content Services:
- Gan Limited provides a library of gaming content that includes a diverse range of casino games, including slots, table games, and live dealer options. The content is often created in collaboration with third-party developers or through Gan’s in-house development teams.

5. Sports Betting Solutions:
- The company has specialized offerings for sports betting, providing a robust framework for operators to offer wagering on various sports events, including real-time betting options and advanced odds-setting capabilities.

Products

1. Gaming Platform:
- Gan Limited’s core product is its gaming platform, which integrates multiple functionalities, such as game management, user account management, payment processing, and compliance with regulatory standards. This platform serves as the backbone for operators’ online gaming operations.

2. Casino Management System:
- This system is designed to streamline casino operations, providing functionalities like game tracking, player segmentation, and promotional tools. The system helps operators optimize player engagement and maximize revenue.

3. Player Account Management (PAM):
- Gan offers PAM solutions that enable operators to manage player accounts seamlessly. This includes features such as onboarding, responsible gaming tools, and personalization capabilities that enhance the player experience.

4. Mobile Gaming Solutions:
- With the growing prevalence of mobile gaming, Gan Limited has developed mobile-optimized gaming solutions. This allows players to access their favorite games and betting options through smartphones and tablets, ensuring a user-friendly experience.

5. Data Analytics and Reporting Tools:
- Data plays a crucial role in optimizing gaming operations. Gan provides tools that enable operators to analyze player behavior, gaming trends, and financial performance. These insights help in making informed decisions for marketing and operational improvements.

Services

1. Regulatory Compliance Support:
- Gan Limited offers services that ensure operators adhere to the various legal and regulatory requirements in different jurisdictions. This includes providing documentation, reports, and support for licensing processes.

2. Marketing Solutions:
- The company assists operators in devising effective marketing strategies that include promotional campaigns, loyalty programs, and player re-engagement tactics. By leveraging data insights, Gan helps clients target their marketing efforts more effectively.

3. Customer Support Services:
- Gan Limited provides outsourced customer support to gaming operators, ensuring that player inquiries and issues are handled efficiently. This can include multilingual support and 24/7 availability to enhance player satisfaction.

4. Training and Consultancy:
- The company offers training programs for operator staff on various aspects of online gaming operations. Additionally, consultancy services help clients in strategic planning and operational optimization.

5. Integration Services:
- Gan Limited facilitates the integration of third-party content and services into its platform, enabling operators to expand their game libraries and service offerings quickly and efficiently.

In conclusion, Gan Limited encompasses a comprehensive ecosystem of gaming solutions that cater to the diverse needs of online gambling operators. Its extensive range of products and services, combined with a strong focus on regulatory compliance, customer support, and innovative technology, positions Gan as a key player in the online gaming industry.


Composition of Gan Limited Revenues by Segments

 
Transferred at Point in Time    82.68 % of total Revenue
Transferred over Time    17.32 % of total Revenue
Business to Business B2B    17.32 % of total Revenue
Business to Consumer B2C    82.68 % of total Revenue
Platform And Content License Fees Business to Business B2B    14.5 % of total Revenue
Development Services And Other Business to Business B2B    2.82 % of total Revenue
Sportsbook Business to Consumer B2C    28.43 % of total Revenue
Casino Business to Consumer B2C    49.45 % of total Revenue
Poker Business to Consumer B2C    4.8 % of total Revenue
UNITED STATES    16.12 % of total Revenue
Europe    52.67 % of total Revenue
Latin America    28.65 % of total Revenue
Rest Of The World    2.56 % of total Revenue
FINLAND    18.31 % of total Revenue
NORWAY    19.73 % of total Revenue
CHILE    27.46 % of total Revenue
CANADA    3.38 % of total Revenue
One Customer Revenue B2B Segment    0 % of total Revenue

Q1 three months ended (Mar 31 2025)
Revenues by Business Segments Revenues
(in millions $)
%
(of total Revenues)
Transferred at Point in Time 24.28 82.68 %
Transferred over Time 5.09 17.32 %
Business to Business B2B 5.09 17.32 %
Business to Consumer B2C 24.28 82.68 %
Platform And Content License Fees Business to Business B2B 4.26 14.5 %
Development Services And Other Business to Business B2B 0.83 2.82 %
Sportsbook Business to Consumer B2C 8.35 28.43 %
Casino Business to Consumer B2C 14.52 49.45 %
Poker Business to Consumer B2C 1.41 4.8 %
UNITED STATES 4.74 16.12 %
Europe 15.47 52.67 %
Latin America 8.41 28.65 %
Rest Of The World 0.75 2.56 %
FINLAND 5.38 18.31 %
NORWAY 5.80 19.73 %
CHILE 8.06 27.46 %
CANADA 0.99 3.38 %
One Customer Revenue B2B Segment 0.00 0 %
Total 29.37 100 %




Q1 three months ended (Mar 31 2025)
Revenue Growth rates by Segment Y/Y Revenue
%
Q/Q Revenue
%
Transferred at Point in Time 32.64 % -
Transferred over Time -58.8 % -
Business to Business B2B -58.8 % -
Business to Consumer B2C 32.64 % -
Platform And Content License Fees Business to Business B2B -55.94 % -
Development Services And Other Business to Business B2B -69.1 % -
Sportsbook Business to Consumer B2C 42.14 % -
Casino Business to Consumer B2C 24.02 % -
Poker Business to Consumer B2C 95.29 % -
UNITED STATES -47.92 % -
Europe 33.28 % -
Latin America 22.01 % -
Rest Of The World -75.45 % -
FINLAND 36.69 % -
NORWAY 28.44 % -
CHILE 25.44 % -
CANADA -67.45 % -
One Customer Revenue B2B Segment -86.87 % -
Total - -78.25 %




Q1 three months ended (Mar 31 2025)
Income by Business Segments Income
(in millions $)
%
(Profit Margin)
Total -6.83 -




Q1 three months ended (Mar 31 2025)
Income Growth rates by Segment Y/Y Income
%
Q/Q Income
%
Total - -




Annual Report on Gan Limited Divisions, Sales by Country

 
Transferred at Point in Time   Transferred at Point in Time Segment contribution to total sales 62.52 % of total Revenue
Transferred over Time   Transferred over Time Segment contribution to total sales 37.48 % of total Revenue
Business to Business B2B   Business to Business B2B Segment contribution to total sales 37.57 % of total Revenue
Business to Consumer B2C   Business to Consumer B2C Segment contribution to total sales 62.43 % of total Revenue
Sportsbook Business to Consumer B2C   Sportsbook Business to Consumer B2C Segment contribution to total sales 22.51 % of total Revenue
Casino Business to Consumer B2C   Casino Business to Consumer B2C Segment contribution to total sales 37.57 % of total Revenue
Poker Business to Consumer B2C   Poker Business to Consumer B2C Segment contribution to total sales 2.36 % of total Revenue
UNITED STATES   UNITED STATES Segment contribution to total sales 31.32 % of total Revenue
Europe   Europe Segment contribution to total sales 38.76 % of total Revenue
Latin America   Latin America Segment contribution to total sales 23.31 % of total Revenue
FINLAND   FINLAND Segment contribution to total sales 13.26 % of total Revenue
NORWAY   NORWAY Segment contribution to total sales 14.41 % of total Revenue
CHILE   CHILE Segment contribution to total sales 21.91 % of total Revenue
CANADA   CANADA Segment contribution to total sales 6.61 % of total Revenue
One Customer Revenue B2B Segment   One Customer Revenue B2B Segment Segment contribution to total sales 0 % of total Revenue
Platform and Content License Fees Business to Business B2B   Platform and Content License Fees Business to Business B2B Segment contribution to total sales 25.4 % of total Revenue
Development Services and Other Business to Business B2B   Development Services and Other Business to Business B2B Segment contribution to total sales 12.16 % of total Revenue
Rest of the World   Rest of the World Segment contribution to total sales 6.61 % of total Revenue


Twelve months ended 2024
GAN s Annual Revenue by Geography and Business Segments Sales
(in millions $)
%
(of total Sales)
Transferred at Point in Time 84.40 62.52 %
Transferred over Time 50.60 37.48 %
Business to Business B2B 50.72 37.57 %
Business to Consumer B2C 84.28 62.43 %
Sportsbook Business to Consumer B2C 30.38 22.51 %
Casino Business to Consumer B2C 50.71 37.57 %
Poker Business to Consumer B2C 3.19 2.36 %
UNITED STATES 42.28 31.32 %
Europe 52.32 38.76 %
Latin America 31.47 23.31 %
FINLAND 17.90 13.26 %
NORWAY 19.45 14.41 %
CHILE 29.58 21.91 %
CANADA 8.92 6.61 %
One Customer Revenue B2B Segment 0.00 0 %
Total 135.00 100 %
Platform and Content License Fees Business to Business B2B 34.29 25.4 %
Development Services and Other Business to Business B2B 16.42 12.16 %
Rest of the World 8.93 6.61 %


Twelve months ended 2024
GAN s Annual Income by Country and Business Segments Income
(in millions $)
%
(Profit Margin)
Total -7.96 -

Twelve months ended 2024
Annual Revenue and Income Growth by Country and Business Segments % Y/Y Sales Growth % Y/Y Income Growth
Transferred at Point in Time -2.3 % -
Transferred over Time 17.57 % -
Business to Business B2B 17.52 % -
Business to Consumer B2C -2.3 % -
Sportsbook Business to Consumer B2C -8.8 % -
Casino Business to Consumer B2C 1.35 % -
Poker Business to Consumer B2C 9.33 % -
UNITED STATES 33.12 % -
Europe 9.49 % -
Latin America -21.2 % -
FINLAND 6.9 % -
NORWAY 21.85 % -
CHILE -18.77 % -
CANADA -9.88 % -
One Customer Revenue B2B Segment -6.71 % -
Platform and Content License Fees Business to Business B2B 8.99 % -
Development Services and Other Business to Business B2B 40.5 % -
Rest of the World -10.14 % -



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