Mr. Scott Burton reports

FANSUNITE TO REPORT FIRST QUARTER FISCAL 2024 FINANCIAL RESULTS AND HOST EARNINGS CALL

Fansunite Entertainment Inc. will file its condensed consolidated interim financial statements, and associated management's discussion and analysis (MD&A), for the three months ended March 31, 2024, on Wednesday, May 15, 2024. In addition, the management team of Fansunite will host an earnings call to discuss the company's first quarter fiscal 2024 financial results at 10 a.m. Eastern Time/7 a.m. Pacific Time on Thursday, May 16, 2024.

Highlights:

• Total revenue for the three months ended March 31, 2024, was in the range of $8.2-million to $8.5-million, a 12-per-cent to 16-per-cent increase as compared with the same period in the prior year.
• Gross margin in the range of 62 per cent to 64 per cent for the three months ended March 31, 2024, as compared with 64 per cent for the same period in 2023.
• Total adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) in the range of $1.5-million to $1.8-million for the three months ended March 31, 2024, a 40-per-cent to 68-per-cent increase year-over-year.

Q1 fiscal 2024 earnings call details

Day:  Thursday, May 16, 2024

Time:  10 a.m. Eastern Time/7 a.m. Pacific Time

Topic:  Fansunite's Q1 fiscal 2024 financial results

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Preliminary unaudited first quarter fiscal 2024 financial highlights

The company is pleased to report preliminary unaudited revenue, gross margin and adjusted EBITDA results for the three months ended March 31, 2024. The positive results came from increased activations during March Madness, a record-breaking Super Bowl weekend, improved revenue from props.com and realized savings from cost-cutting measures enacted in previous periods.

Scott Burton, chief executive officer of Fansunite, announced: "We are pleased to share that in the first quarter of fiscal 2024, the company has sustained growth in revenue and maintained strong gross margins. Alongside notable progress in our top-line figures, Fansunite has seen a significant increase in adjusted EBITDA, showcasing our commitment to profitability. Looking ahead to 2024, we're poised to expand our betting affiliate operations throughout North America, aiming to sustain our success in the sports betting landscape and fortify our balance sheet."

About Fansunite Entertainment Inc.

Fansunite is a global sports entertainment and gaming company. Its business is focused on the regulated and lawful sports betting affiliate market, which includes customer acquisition, retention, support and reactivation. Fansunite has established itself as a leader in the North American affiliate market through its subsidiary, American Affiliate Co. LLC (AmAff or American Affiliate). AmAff is a North American omnichannel customer acquisition company, covering both retail and digital customer activation for sports books, casinos, poker and fantasy sports platforms.

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