SEGG Media Reports Growth Following Veloce Investment and Quadrant Acquisition
TL;DR
SEGG Media's call option for a 51% stake in Veloce positions investors to capitalize on its 153% revenue growth and major brand partnerships.
SEGG Media's investment in Veloce Media Group, which acquired Quadrant, drives growth through digital media expansion and strategic partnerships with global brands.
SEGG Media's focus on immersive fan engagement and ethical gaming enhances how global audiences interact with sports and entertainment content responsibly.
Formula 1 driver Lando Norris co-founded Quadrant, now part of SEGG Media's portfolio, securing deals with Lego, EA, and T-Mobile.
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SEGG Media Corporation (NASDAQ: SEGG, LTRYW) has reported sustained growth across its portfolio following its investment in Veloce Media Group and Veloce's subsequent acquisition of creator-led brand Quadrant. The technology company, which owns Sports.com, Concerts.com, and Lottery.com, has seen its strategic moves pay dividends as Quadrant secured partnerships with major corporations including Electronic Arts, T-Mobile, Lego, NordVPN, Revolut, and Swarovski.
Veloce, operating the world's largest racing and gaming media network with over 750 million monthly digital views, reported £12.8 million ($17.5 million) in revenue for the year ending June 2024. This represents a 153% increase year over year, with momentum expected to continue into 2025. The growth demonstrates the effectiveness of SEGG Media's investment strategy and the expanding market for digital sports and entertainment content.
The acquisition of Quadrant, co-founded by Formula 1 driver Lando Norris, has significantly bolstered Veloce's position as a premier platform in sport, gaming, and digital media. These developments are crucial as they highlight the increasing convergence of traditional sports, gaming, and digital media, creating new opportunities for fan engagement and revenue generation.
SEGG Media holds a call option to acquire a 51% majority stake in Veloce, positioning the company for long-term growth in next-generation sport and entertainment. This strategic positioning allows SEGG Media to capitalize on the growing demand for immersive fan experiences and ethical gaming solutions. The company's focus on AI-driven live experiences represents a significant shift in how global audiences interact with content, potentially reshaping the entire sports and entertainment industry.
The partnerships secured by Quadrant with industry leaders like Electronic Arts and T-Mobile indicate strong market confidence in the digital sports and entertainment sector. These collaborations could lead to innovative content delivery methods and new revenue streams for the entire industry. For investors and industry observers, SEGG Media's growth trajectory through strategic acquisitions and partnerships demonstrates how traditional media companies are adapting to the digital transformation of sports and entertainment content consumption.
Curated from InvestorBrandNetwork (IBN)
