Tuesday, 02 January 2024 12:17 GMT

Networknewsbreaks SEGG Media Corporation (NASDAQ: SEGG, LTRYW) Highlights Revenue Expansion Following $61 Million Veloce Acquisition


(MENAFN- Investor Brand Network) SEGG Media (NASDAQ: SEGG, LTRYW) provided an investor update outlining the diversified and expanding revenue streams resulting from its $61 million acquisition of a controlling supermajority interest in Veloce Media Group. The transaction materially increases SEGG Media's top line, strengthens its international presence and advances its transition into a scaled global sports and digital media platform, with management expecting Veloce and its subsidiary Quadrant to generate more than $20 million in revenue in 2026. Veloce operates across digital advertising, creator representation, esports and sim racing services, sustainable motorsport and direct-to-consumer commerce, delivering multi-vertical monetization through global brand partnerships, official Formula 1 esports services and lifestyle commerce initiatives, while Quadrant, co-founded by Formula One World Champion Lando Norris, has contributed partnership, digital and merchandise revenue and is positioned as a high-growth subsidiary within SEGG Media's portfolio.

To view the full press release, visit

About SEGG Media Corporation

SEGG Media (Nasdaq: SEGG, LTRYW) is a global sports, entertainment and gaming group operating a portfolio of digital assets including Sports, Concerts and Lottery. Focused on immersive fan engagement, ethical gaming and AI-driven live experiences, SEGG Media is redefining how global audiences interact with the content they love.

NOTE TO INVESTORS: The latest news and updates relating to SEGG are available in the company's newsroom at

About NetworkNewsWire

NetworkNewsWire (“NNW”) is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. It is one of 75+ brands within the Dynamic Brand Portfolio IBN: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries ; (2) article and editorial syndication to 5,000+ outlets ; (3) enhanced press release enhancement to ensure maximum impact ; (4) social media distribution via IBN to millions of social media followers ; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today's market, NNW brings its clients unparalleled recognition and brand awareness. NNW is where breaking news, insightful content and actionable information converge.

To receive SMS text alerts from NetworkNewsWire, text“STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-

NetworkNewsWire
Austin, Texas

512.354.7000 Office
[email protected]

NetworkNewsWire is powered by IBN

MENAFN27022026000224011066ID1110799992



Investor Brand Network

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search