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Pentanet Ltd ( (AU:5GG) ) has shared an update.
Pentanet Ltd has reported its first full year of positive EBITDA, marking a significant financial turnaround with a $2.7 million improvement year-on-year. The company’s consolidated revenue grew by 8% to $22.6 million, driven by substantial growth in both the telecommunications and gaming segments. The gaming segment, in particular, saw a 31% increase in revenue and achieved profitability for the first time, contributing significantly to the company’s earnings. Pentanet’s strategic focus on expanding its 5G network and optimizing its gaming platform has resulted in increased subscriber growth and improved customer retention. Looking forward, Pentanet plans to reinvest in growth initiatives to enhance its market position and deliver long-term value to stakeholders.
More about Pentanet Ltd
Pentanet Ltd operates in the telecommunications and gaming industries, focusing on providing high-speed internet services and cloud gaming solutions. The company is known for its 5G network expansion and the GeForce NOW cloud gaming platform, targeting both residential and gaming markets.
Average Trading Volume: 613,800
Technical Sentiment Signal: Sell
Current Market Cap: A$11.26M
See more data about 5GG stock on TipRanks’ Stock Analysis page.