Adveritas Expects Renewal Contracts with Sports Betting Organizations to Generate Cash Receipts of AU$5 Million Over Term

MT Newswires Live

2025/03/24

Adveritas (ASX:AV1) said that it signed several renewal contracts with global sports betting organizations that contain higher contract rates and span more than one year, according to a Monday Australian bourse filing.

These renewal contracts drove up annual contract values by around 27% and are expected to generate cash receipts of AU$5 million over their term.

The firm noted that it achieved a milestone by securing its first AU$1 million annual contract value for a single enterprise-level customer. It is focused on securing further contracts with an annual contract value of AU$1 million in all its target verticals.

The digital advertising and marketing firm's shares rose 8% on market close on Monday.

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It is focused on securing further contracts with an annual contract value of AU$1 million in all its target verticals.</p><p>The digital advertising and marketing firm's shares rose 8% on market close on Monday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AV1.AU","symbol_name":"ADVERITAS LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2521359757","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2521359757","pubTimestamp":1742793783,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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