Pro forma revenue increased to more than $10.3 million following the addition of Veloce Media Group.
- Combined pro forma assets now exceed $125 million as the Company scales global sports and entertainment platform.
FORT WORTH, Texas, May 06, 2026 (GLOBE NEWSWIRE) -- Sports Entertainment Gaming Global Corporation (NASDAQ:SEGG, LTRYW))) (the "Company" or "SEGG Media") filed unaudited pro forma financial results for the year ended December 31, 2025, illustrating the transformation of the business following its acquisition of Veloce Media Group ("Veloce").
On a pro forma basis, SEGG Media generated more than $10.3 million in revenue for 2025 following the acquisition of Veloce Media Group, representing an increase of approximately 1,400% compared to SEGG Media's standalone results.
The acquisition by Veloce of a majority stake in Quadrant Limited ("Quadrant"), the creator-led motorsport and lifestyle brand co-founded by F1 driver and 2025 World Champion Lando Norris, took place on July 11, 2025. As a result, Veloce's 2025 results include Quadrant's operations only from July 11 to December 31 2025, rather than the full year. In 2026, Veloce's results will include a full twelve months of Quadrant's performance, alongside anticipated organic growth for Veloce, making the year-on-year increase more significant.
Pro forma financial highlights (unaudited)
- Revenue: $10.34 million (pro forma FY 2025), compared with $0.69 million on a standalone basis — a 1,400% increase.
- Gross profit: $4.30 million, representing a swing from a small gross loss to a significant positive gross margin on a pro forma basis, reflecting the contribution of Veloce's established media operations.
- Total assets: more than doubled to $131.5 million on a pro forma combined basis.