Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 248

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part II, Item 8
Chunk 248
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    $(4,767,716) 
    $(8,064,490) 
     (3,296,774) 
     -41%
  
    Income tax expense (benefit) 
     4,365  
     12,814  
     (8,449) 
     -66%
  
    Net loss 
     (4,772,081) 
     (8,077,304) 
     (3,355,223) 
     -42%

Revenue.

Revenue.
Revenue for the three months ended September 30, 2025 was $138,000, a decrease of $63,000, or 31%,
compared to revenue of $201,000 for the three months ended September 30, 2024. The decrease is the net effect of decreases of
$38,000 for Global Gaming and $24,000
for TinBu in 2025 and 1,000 for
S&MI  vs 2024.

Cost
of Revenue. Cost of revenue includes product costs, commission expense to affiliates and commercial partners, and merchant
processing fees. Cost of revenue for the three months ended September 30, 2025 was $205,000 thousand, an increase of
$119,000, or 137%, compared to cost of
revenue of $86,000 for the three months ended September 30, 2024. For the three months ended September 30, 2025 there were increases
of $63,000 in cost of revenue for the S&MI subsidiary and $59,000 for Global Gaming
offset by minor decreases for the core Lottery business.

Gross
Profit. Gross profit for the three months ended September 30, 2025 was a loss of $67,000 compared to profit of $114,000 for the
three months ended September 30, 2024, a decrease of $182,000, or 159%.
Gross profit for Global Gaming decreased by: $97,000, Tinbu by $23,000 and S&MI by $62,000 in the three months ended September
30, 2025.

 11 

Operating
Costs and Expenses.

    For the three months Ended  

    September 30,  

    2025  
    2024  
    $ Change  
    % Change 

    Operating expenses: 

    Personnel costs