EBet posts net loss and adjusted EBITDA improvements

EBet has reported “significant progress” in reducing net loss and increasing adjusted EBITDA for the two months ended August 2022. The group reported a net loss of $3.8m and adjusted EBITDA that was “approximately breakeven” for the two months. This was compared to a net loss of $9m and negative adjusted EBITDA of $4m in the previous quarter. It represents an average turnaround of approximately $1.7m per month in net los...