FansUnite Entertainment, Inc. (TSE:FANS) has released an update.
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FansUnite Entertainment Inc. reported a robust first quarter in 2024, with revenues up by 14% to $8.3 million and adjusted EBITDA soaring by 58% to $1.7 million, despite a slight dip in gross margin. The company has made significant strides in expanding its U.S. presence and diversifying its revenue streams to minimize seasonal fluctuations. CEO Scott Burton highlighted the company’s progress towards sustainable growth and profitability, with an emphasis on maintaining a strong balance sheet.
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