Online Bingo Company 2nd Qtr Results

Bingo, Ltd., operator of the Internet"s pre-eminent online bingo portal, today announced its financial results for the second quarter ended June 30, 2025. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.

The online casinos bingo company had cash of $1,191,682 and working capital of $572,562 at June 30, 2025. This compares to cash of $157,337 and a working capital deficit of ($567,093) at March 31, 2025 and cash of $74,032 and a working capital deficit of ($625,376) at May 31, 2025. This increase in cash and increase in working capital for the online casinos bingo site is due to the proceeds from the private placement during the quarter ended June 30, 2025 and improved profitability.

Revenue increased to $457,339 for the quarter ended June 30, 2025, an increase of 85% from revenue of $247,752 for the same period in the prior year and an increase of 13% from revenue of $403,551 in the first quarter of 2025. The majority of the Company"s revenue was earned from the sale of advertising on its Web portal which continues to experience strong traffic. The online casinos bingo company earned revenue of $43,391 in the quarter from its new cash online casino bingo operations which it launched late in the quarter.