NeoGames, a provider of online lottery and casino solutions, has released its Q3 financial results, reporting a total revenue of $63.3 million for the period ended in September. While this represents a decrease from the previous year, the company noted that iGaming revenues on a gross basis for the Aspire Core would have brought the total revenue to $81.7 million, reflecting a year-on-year growth of 11.5%.

The report also highlighted the iLottery revenues, which saw a 5.6% increase year-on-year, totaling $14.4 million. Additionally, revenue from iGaming operations amounted to $31.9 million. The company reported a net loss of $3.6 million, with an adjusted net income of $4.4 million.

In Q3, NeoGames achieved several highlights, including agreements with the West Virginia Lottery and the expansion of the deal with the North Carolina Education Lottery. Furthermore, NeoGames Studio launched content in Greece with OPAP and in Pennsylvania with RSI through Pariplay. The company’s Aspire Global brand secured a license in Germany, while BtoBet went live with Alberta Gaming in Canada.

CEO Moti Malul praised the results, expressing gratitude for the support received despite the conflict in Israel and the Middle East. Malul also expressed excitement about the merger with Aristocrat and the company’s commitment to improving the iGaming landscape and seizing new opportunities. NeoGames doesn’t expect the conflict in Gaza to impact its operations in Israel.

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