NorthStar Gaming Arranges Q2 2025 Earnings Presentation Webinar Scheduled on August 14th
In a notable development, NorthStar Gaming Holdings Inc. (TSXV: BET, OTC: NSBBF, OTCQB: NSBBF) has announced impressive financial results for Q2 2025. The company reported a 15% year-over-year increase in revenue, reaching $8.5 million, from $7.4 million in Q2 2024.
The Q2 2025 gross margin also reached a record high of 40.8%, up from 37.6% in Q2 2024, driven by scalable growth and operating leverage. Managed services revenue more than doubled, rising 125% to $0.9 million. The company managed to reduce marketing expenses by 16% while decreasing cost per customer acquisition by 10%. Profit before marketing expenses increased by 87% to $0.7 million.
CEO Michael Moskowitz emphasized the company's focus on continuing growth through innovation and efficiency, particularly in marketing, enabling revenue growth while reducing operating expenses as a percentage of revenue. The company aims to advance its path to profitability by leveraging its scalable business model and increasing managed services revenue.
For those interested in learning more about NorthStar, further information can be found at www.northstargaming.ca. For those who wish to register for the company's webinar discussing these results and operational updates, the link is provided.
NorthStar Gaming Holdings Inc. is listed on the Toronto Stock Venture Exchange under the symbol BET and on the OTCQB under the symbol NSBBF. The company will hold an investor webinar on August 14, 2025, at 11am EDT, where Michael Moskowitz, Chairman and CEO, will present the Company's financial results and update on current operations and strategic priorities.
It is important to note that the forward-looking information in this press release is based on management's opinions, estimates, and assumptions as of the date of this press release, and is subject to change after such date. The forward-looking information is subject to known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking statements.
For more detailed information about the risks and uncertainties associated with the company, these are further discussed under the "Risk Factors" section of the Company's most recent annual information form, available on SEDAR+ at www.sedarplus.com.
NorthStar owns and operates NorthStar Bets, a Canadian-born casino and sportsbook platform. The platform stands out with its exclusive Sports Insights feature. For an elevated user experience, NorthStar Bets Casino offers a curated selection of popular games.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this press release. The forward-looking information contained in this press release represents NorthStar's expectations as of the date specified herein. The Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.
The sports platform owned and operated by NorthStar Gaming Holdings, NorthStar Bets, features an exclusive Sports Insights feature for a unique user experience. NorthStar continues to focus on growth, particularly in marketing and sports services, as indicated by the 125% increase in managed services revenue.
