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Breaking Data Reports 80 percent Increase in Revenue
Sep. 05, 2018 09:17AM PST
Data InvestingBreaking Data (TSXV:BKD), owner of GIVEMESPORT, a leading next generation sports media company announced its eighth consecutive quarter of revenue increase. The company said that it had a 80 percent increase in revenue to C$2.6 million from C$1.4 million for the three months ended June 30, 2018. As quoted in the press release: The quarterly …
Breaking Data (TSXV:BKD), owner of GIVEMESPORT, a leading next generation sports media company announced its eighth consecutive quarter of revenue increase.
The company said that it had a 80 percent increase in revenue to C$2.6 million from C$1.4 million for the three months ended June 30, 2018.
As quoted in the press release:
The quarterly increase of 80 per cent to $2,621,552 from the $1,456,763 for the three months ended June 30, 2018, comes as the Company gets set to move in to on line gaming through the acquisition of Oryx Gaming (“Oryx”), an international i-Gaming turnkey solution provider.
The completion of the deal will see Breaking Data become Bragg Gaming Group, a group that aims to expand organically and through acquisition to become a next generation gaming company, leveraging the 26M Facebook fans of GIVEMESPORT.
As part of the strategic shift towards online gaming, the Company is to launch GIVEMEBET, a new online sports betting brand, that will complement GIVEMESPORT’S leading position in digital sports publishing.
This quarterly increase in revenue resulted primarily from a sustained increase in traffic to the GIVEMESPORT website over the same quarter last year and a further shift from UK desktop to UK mobile web traffic.
In May alone, GIVEMESPORT generated 42 million visits globally. Additionally, during the quarter, GIVEMESPORT fully integrated its news in to Apple News, gaining millions of new visits.
Nick Thain, CEO of Breaking Data, said: “We are pleased to announce our eighth consecutive quarter of increased revenue. Apple News provides us with an exciting new platform to publish our content on, increasing our audience and diversifying traffic sources at the same time.”
Thain continued “This provides a solid foundation for our strategic move into sports betting and gaming that started with our deal with Oryx Gaming, and is now complemented with the soon to be launched GIVEMEBET.”