AGT, a financial company, is projected to experience a significant increase in revenue for the second half of 2021. The expected rise is 22.2% compared to the $72 million generated in the first half of the financial year.
Additionally, AGT has disclosed that the revenue contribution from Australia for the second half of 2021 amounts to $20.0 million, resulting in a total Australian revenue of $39.0 million for the 2020-21 financial year. This represents a substantial growth of 39.2% compared to the previous fiscal year.
Furthermore, AGT anticipates a profit before tax of $1.6 million for the second half of 2021, marking a 60.0% increase compared to the previously projected $1.0 million. The expected EBITDA for the second half is around $14.4 million, reflecting a 37.5% rise compared to the projected $13.2 million in May.
AGT is scheduled to release its complete financial year results on August 26, 2021. Earlier in H1 2021, AGT faced challenges in Latin America, resulting in pre-tax losses of $14 million, despite an overall revenue increase.
In May, AGT entered into an exclusive online rights agreement with GAN, a gaming technology supplier. This partnership designates GAN as the official provider of AGT online games in the United States.
