GAN Limited (NASDAQ:GAN) Q4 2022 Earnings Call Transcript

Dermot Smurfit: Yes. Well, there’s always effectively the business equivalent of a hangover after a major soccer event like the World Cup. Industry kind of expectation would be doing a great job if you see 40% retention quarter-on-quarter and that’s a €“ thankfully, we’ve outperformed that expectation. So we’re seeing great and very significant evidence of continued stickiness of the Coolbet sports betting offering and user experience.

Chad Beynon: Thank you very much. I’ll hand it off. Appreciate it.

Dermot Smurfit: Thanks, Chad.

Operator: Thank you. At this time, I would like to turn the floor back over to Mr. Dermot Smurfit for closing comments.

Dermot Smurfit: Thank you, everyone, for joining this afternoon’s call. While 2022 saw many important achievements, our profitability execution did not meet our expectations for the year. We understand that we have plenty of work to do in 2023 to improve our return profile and deliver better returns for our shareholders. We anticipated that the strategic review will facilitate that process along with our renewed focus on higher ROI opportunities. Thank you, and be safe.

Operator: Thank you. This concludes today’s teleconference. You may disconnect your lines at this time and thank you for your participation. Have a great day.