High Roller Reports Q4 and Full Year 2024 Results
High Roller Technologies (NYSE: ROLR) reported its Q4 and full year 2024 financial results, highlighting a 12% year-over-year revenue growth to $8.1 million in Q4 2024. The company, which operates premium online casino brands High Roller and Fruta, saw its active user base increase by 40% to 72,000 by the end of 2024.
The company's portfolio includes over 4,400 games from 80+ providers, featuring video slots, blackjack, roulette, baccarat, craps, and video poker. Following its IPO in October, High Roller is implementing a strategic realignment plan and pursuing market expansion, including an anticipated launch in Ontario, Canada in H2 2025, which could increase its total addressable market by approximately $2 billion.
High Roller Technologies (NYSE: ROLR) ha riportato i risultati finanziari del quarto trimestre e dell'intero anno 2024, evidenziando una crescita del fatturato del 12% anno su anno a 8,1 milioni di dollari nel Q4 2024. L'azienda, che gestisce i marchi di casinò online premium High Roller e Fruta, ha visto la sua base di utenti attivi aumentare del 40% a 72.000 entro la fine del 2024.
Il portafoglio dell'azienda include oltre 4.400 giochi di oltre 80 fornitori, con slot video, blackjack, roulette, baccarat, craps e video poker. A seguito della sua IPO in ottobre, High Roller sta implementando un piano di riallineamento strategico e perseguendo l'espansione del mercato, compreso un lancio previsto in Ontario, Canada, nel secondo semestre del 2025, che potrebbe aumentare il suo mercato indirizzabile totale di circa 2 miliardi di dollari.
High Roller Technologies (NYSE: ROLR) informó sus resultados financieros del cuarto trimestre y del año completo 2024, destacando un crecimiento de ingresos del 12% interanual hasta 8,1 millones de dólares en el Q4 2024. La empresa, que opera las marcas de casino en línea premium High Roller y Fruta, vio su base de usuarios activos aumentar en un 40% hasta 72,000 a finales de 2024.
El portafolio de la compañía incluye más de 4,400 juegos de más de 80 proveedores, que incluyen tragamonedas de video, blackjack, ruleta, baccarat, craps y video póker. Tras su salida a bolsa en octubre, High Roller está implementando un plan de reestructuración estratégica y persiguiendo la expansión del mercado, incluyendo un lanzamiento anticipado en Ontario, Canadá, en la segunda mitad de 2025, lo que podría aumentar su mercado total direccionable en aproximadamente 2 mil millones de dólares.
하이 롤러 테크놀로지스 (NYSE: ROLR)는 2024년 4분기 및 연간 재무 결과를 발표하며 전년 대비 12%의 매출 성장을 기록하여 2024년 4분기에 810만 달러에 도달했다고 밝혔습니다. 프리미엄 온라인 카지노 브랜드 하이 롤러와 프루타를 운영하는 이 회사는 2024년 말까지 활성 사용자 수가 40% 증가하여 72,000명에 달했습니다.
회사의 포트폴리오는 80개 이상의 공급업체로부터 4,400개 이상의 게임을 포함하고 있으며, 비디오 슬롯, 블랙잭, 룰렛, 바카라, 크랩스 및 비디오 포커를 제공합니다. 10월에 IPO를 마친 하이 롤러는 전략적 재조정 계획을 시행하고 시장 확장을 추구하고 있으며, 2025년 하반기 캐나다 온타리오에서의 출시를 예상하고 있으며, 이는 약 20억 달러의 총 주소 가능한 시장을 증가시킬 수 있습니다.
High Roller Technologies (NYSE: ROLR) a publié ses résultats financiers pour le quatrième trimestre et l'année complète 2024, mettant en évidence une croissance des revenus de 12 % d'une année sur l'autre pour atteindre 8,1 millions de dollars au T4 2024. L'entreprise, qui exploite les marques de casino en ligne premium High Roller et Fruta, a vu sa base d'utilisateurs actifs augmenter de 40 % pour atteindre 72 000 à la fin de 2024.
Le portefeuille de l'entreprise comprend plus de 4 400 jeux provenant de plus de 80 fournisseurs, incluant des machines à sous vidéo, du blackjack, de la roulette, du baccarat, des craps et du vidéo poker. Suite à son introduction en bourse en octobre, High Roller met en œuvre un plan de réalignement stratégique et poursuit son expansion sur le marché, y compris un lancement prévu en Ontario, Canada, au second semestre 2025, ce qui pourrait augmenter son marché adressable total d'environ 2 milliards de dollars.
High Roller Technologies (NYSE: ROLR) hat seine Finanzzahlen für das vierte Quartal und das gesamte Jahr 2024 veröffentlicht und hebt ein Umsatzwachstum von 12% im Vergleich zum Vorjahr auf 8,1 Millionen Dollar im Q4 2024 hervor. Das Unternehmen, das die Premium-Online-Casino-Marken High Roller und Fruta betreibt, verzeichnete ein Wachstum der aktiven Nutzerbasis um 40% auf 72.000 bis Ende 2024.
Das Portfolio des Unternehmens umfasst über 4.400 Spiele von mehr als 80 Anbietern, darunter Video-Spielautomaten, Blackjack, Roulette, Baccarat, Craps und Video-Poker. Nach dem Börsengang im Oktober implementiert High Roller einen strategischen Umstrukturierungsplan und strebt eine Markterweiterung an, einschließlich einer erwarteten Einführung in Ontario, Kanada, im zweiten Halbjahr 2025, was den insgesamt adressierbaren Markt um etwa 2 Milliarden Dollar erhöhen könnte.
- Q4 2024 revenue grew 12% YoY to $8.1 million
- Active users increased 40% to 72,000
- Successful IPO in October strengthened balance sheet
- Potential $2 billion market expansion opportunity in Ontario
- None.
Insights
High Roller's Q4 results show promising momentum with
The successful IPO in October has strengthened the balance sheet, providing capital for their expansion strategy. The planned entry into Ontario's regulated market represents a significant opportunity, with
With 4,400 games from 80+ providers, High Roller possesses one of the industry's most comprehensive content portfolios—a critical competitive advantage in user acquisition and retention. The successful launch of their secondary brand, Fruta.com, demonstrates operational capability to manage multiple brands across markets.
The financial disclosure beyond top-line revenue is notable—there's no mention of profitability metrics, margins, or specific targets for 2025. The reference to a "strategic realignment plan" suggests organizational adjustments following the IPO, but without details on cost structure or efficiency initiatives. This makes it challenging to fully evaluate their path to profitability.
Q4 2024 revenue increased
Active users increased by
Ontario market entry in progress with the launch of High Roller in H2, 2025
Las Vegas, Nevada, March 21, 2025 (GLOBE NEWSWIRE) -- High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of premium online casino brands High Roller and Fruta, today reported its fourth quarter and full year financial results for the year ended December 31, 2024. High Roller currently offers more than 4,400 games from over 80 game providers, representing one of the widest online casino game portfolios in the world, including video slots, blackjack, roulette, baccarat, craps, video poker, and more.
Ben Clemes, Chief Executive Officer at High Roller Technologies, commented, “We closed the year with a
Leveraging its expertise in player acquisition, retention, and industry-specific marketing relationships, in 2024 the Company grew its active user base, increased its first-time depositors, and successfully launched Fruta.com into current markets in preparation for further market expansion.
Additionally, High Roller is in the process of applying for a gaming license in Ontario, Canada, where subject to licensure it plans to launch its award-winning online casino brand to the public in H2 2025 and increase its total addressable market by approximately
“As we continue to evolve as an online iCasino operator, I am confident that our premium brand and deep industry expertise are strong tailwinds for us in this dynamic, growing market,” said Clemes.
Full Year 2024 Highlights
| ● | In October 2024, the Company successfully completed its IPO on the NYSE with gross proceeds of | |
| ● | Successfully launched Fruta.com in June 2024 as part of High Roller Technologies’ multi-brand strategy. | |
| ● | Successfully exited non-growth markets and reallocated capital to higher growth opportunities and new market expansion, while simultaneously streamlining operational costs. | |
| ● | High Roller was the recipient of the Best Player Retention 2024 Award at the SiGMA Europe B2C Awards, lauding the company’s ability to successfully engage and entertain its customers. | |
| ● | High Roller was honored at the 2024 WN iGaming Summit as Casino Operator of the Year. |
Fourth Quarter & Full Year 2024 Financial Summary
| ● | The Company reported total revenue of | |
| ● | The Company reported revenue of | |
| ● | The Company reported a net loss per share of | |
| ● | The Company made improvements to its balance sheet with increase to cash and cash equivalents position of |
Financial Results
Additional information with respect to the Company’s business, operations and financial condition as of and for the three months and twelve months ended December 31, 2024 is contained in the Company’s Annual Report on Form 10-K for the yearly period ended December 31, 2024, which has been filed with the U.S. Securities and Exchange Commission (the “SEC”) at www.sec.gov.
About High Roller Technologies, Inc.
High Roller Technologies, Inc. is a leading global online gaming operator, known for its innovative casino brands, High Roller and Fruta, listed under the ticker ROLR on the NYSE. The Company delivers a cutting-edge real-money online casino platform that is intuitive and user-friendly. With a diverse portfolio of over 4,400 premium games from more than 80 leading game providers, High Roller Technologies serves a global customer base, offering an immersive and engaging gaming experience in the rapidly expanding multi-billion dollar iGaming industry. The online casino features enhanced search engine optimization, machine learning, seamless direct API integrations, faster load times, and superior scalability.
As an award-winning operator, High Roller Technologies continues to redefine the future of online gaming through innovation, performance, and a commitment to excellence. For more information, please visit the High Roller Technologies, Inc. investor relations website, X, Facebook, and LinkedIn pages.
Forward Looking Statements
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
Contact
800-460-1039
HIGH ROLLER TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
| For the Three Months Ended | For the Year Ended | |||||||||||||||
| December 31, | December 31, | |||||||||||||||
| (in thousands, except share and per share data) | 2024 | 2023 | 2024 | 2023 | ||||||||||||
| Revenues, net | $ | 8,056 | $ | 7,191 | $ | 27,882 | $ | 29,675 | ||||||||
| Operating expenses | ||||||||||||||||
| Direct operating costs: | ||||||||||||||||
| Related party | 626 | 1,047 | 2,646 | 4,289 | ||||||||||||
| Other | 2,556 | 2,472 | 10,296 | 9,359 | ||||||||||||
| General and administrative: | — | — | ||||||||||||||
| Related party | 7 | 184 | 174 | 493 | ||||||||||||
| Other | 2,020 | 2,825 | 9,189 | 10,037 | ||||||||||||
| Advertising and promotions: | — | — | ||||||||||||||
| Related party | 548 | 79 | 956 | 1,649 | ||||||||||||
| Other | 4,020 | 2,169 | 9,387 | 5,955 | ||||||||||||
| Product and software development: | — | — | ||||||||||||||
| Related party | 15 | 85 | 208 | 242 | ||||||||||||
| Other | 277 | 64 | 818 | 342 | ||||||||||||
| Total operating expenses | 10,069 | 8,925 | 33,674 | 32,366 | ||||||||||||
| Loss from operations | (2,013 | ) | (1,734 | ) | (5,792 | ) | (2,691 | ) | ||||||||
| Other expenses | ||||||||||||||||
| Interest expense, net | (48 | ) | (23 | ) | (125 | ) | (114 | ) | ||||||||
| Other income | (1 | ) | 39 | 1 | — | |||||||||||
| Total other expenses | (49 | ) | 16 | (124 | ) | (114 | ) | |||||||||
| Loss before income taxes | (2,062 | ) | (1,718 | ) | (5,916 | ) | (2,805 | ) | ||||||||
| Income tax expense | 7 | 4 | 7 | 13 | ||||||||||||
| Net loss | $ | (2,069 | ) | $ | (1,722 | ) | $ | (5,923 | ) | $ | (2,818 | ) | ||||
| Other comprehensive (loss) income | ||||||||||||||||
| Foreign currency translation adjustment | (184 | ) | 175 | (167 | ) | 54 | ||||||||||
| Comprehensive loss | $ | (2,253 | ) | $ | (1,547 | ) | $ | (6,090 | ) | $ | (2,764 | ) | ||||
| Net loss per common share: | ||||||||||||||||
| Net loss per common share – basic and diluted | $ | (0.29 | ) | $ | (0.25 | ) | $ | (0.82 | ) | $ | (0.42 | ) | ||||
| Weighted average common shares outstanding – basic and diluted | 7,013,734 | 6,966,841 | 7,248,892 | 6,641,774 | ||||||||||||
HIGH ROLLER TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
| As of | As of | |||||||
| December 31, | December 31, | |||||||
| (in thousands, except share and per share data) | 2024 | 2023 | ||||||
| Assets | ||||||||
| Current assets | ||||||||
| Cash and cash equivalents | $ | 6,869 | $ | 2,087 | ||||
| Restricted cash | 1,085 | 1,958 | ||||||
| Prepaid expenses and other current assets | 825 | 836 | ||||||
| Total current assets | 8,779 | 4,881 | ||||||
| Due from affiliates | 1,624 | 702 | ||||||
| Deferred offering costs | — | 580 | ||||||
| Property and equipment, net | 372 | 250 | ||||||
| Operating lease right-of-use asset, net | 910 | — | ||||||
| Intangible assets, net | 4,899 | 5,117 | ||||||
| Other assets | 41 | 255 | ||||||
| Total assets | $ | 16,625 | $ | 11,785 | ||||
| Liabilities and stockholders’ equity | ||||||||
| Current liabilities | ||||||||
| Accounts payable | $ | 1,560 | $ | 686 | ||||
| Accrued expenses | 4,307 | 4,300 | ||||||
| Player liabilities | 662 | 499 | ||||||
| Due to affiliates | 3,406 | 3,972 | ||||||
| Short-term unsecured notes payable to stockholders | 90 | — | ||||||
| Operating lease obligation, current | 143 | — | ||||||
| Total current liabilities | 10,168 | 9,457 | ||||||
| Other liabilities | 7 | 23 | ||||||
| Operating lease obligation, noncurrent | 729 | — | ||||||
| Total liabilities | 10,904 | 9,480 | ||||||
| Stockholders’ equity | ||||||||
| Preferred stock, | — | — | ||||||
| Common stock, | 8 | 7 | ||||||
| Additional paid-in capital | 31,557 | 22,052 | ||||||
| Accumulated deficit | (27,143 | ) | (21,220 | ) | ||||
| Accumulated other comprehensive income | 1,299 | 1,466 | ||||||
| Total stockholders’ equity | 5,721 | 2,305 | ||||||
| Total liabilities and stockholders’ equity | $ | 16,625 | $ | 11,785 | ||||
HIGH ROLLER TECHNOLOGIES, INC. AND SUBSIDIARIES
GAAP NET LOSS TO NON-GAAP ADJUSTED EBITDA
| For the Three Months Ended December 31, | ||||||||
| (in thousands) | 2024 | 2023 | ||||||
| Revenues | $ | 8,056 | $ | 7,191 | ||||
| Net loss | (2,069 | ) | (1,722 | ) | ||||
| Add back items: | ||||||||
| Stock-based compensation expense | 300 | 54 | ||||||
| Depreciation and amortization | 71 | 55 | ||||||
| Interest expense, net | 48 | 23 | ||||||
| Issuance of warrants | 250 | — | ||||||
| Foreign exchange transaction loss | 53 | 514 | ||||||
| Income tax provision | 7 | 4 | ||||||
| Adjusted EBITDA | $ | (1,340 | ) | $ | (1,072 | ) | ||
| Adjusted EBITDA margin | (16.63 | )% | (14.91 | )% | ||||
FAQ
What was High Roller's (ROLR) Q4 2024 revenue growth?
How many active users does High Roller (ROLR) have as of 2024?
When is High Roller (ROLR) planning to enter the Ontario market?
How many games does High Roller (ROLR) currently offer?
