FansUnite Entertainment, Inc. (TSE:FANS) has released an update.
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FansUnite Entertainment Inc. reports a robust first quarter in Fiscal 2024, with total revenue up by 12% to 16% year-over-year, reaching $8.2 to $8.5 million, and a significant growth in adjusted EBITDA by 40% to 68%. The company attributes this performance to key events including March Madness and a record Super Bowl weekend, alongside effective cost-cutting measures. FansUnite maintains strong gross margins and is looking to expand its betting affiliate operations in North America.
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