like valuable in. everyone I thank for Rob. to their too taking Thanks listen would to time
statements new year respectively. This Looking increased to million million, $X.XX our XXXX, ended revenue from XXX% was to which the on the largely recently revenue activities, XXst, successful and XXXX contributions income the our FourCubed on the SportsHub of completed XXXX. stemming XXXX, and with Games M&A growth December attributable SharpLink merger at acquisition XXst, $X.XX December Network included for full XXnd, from December
to that by receives SharpLink note important the multiple is down, business primary four generated drill units. revenue of further streams I Before benefit
in Turner sports Tennis Tour, which These free-to-play develops, to and several the BetMGM, games Association, NBA, of biggest a few. The for just first Sports Women's Services sports Tipico, betting. NASCAR, NHL, and hosts mobile is our and online and name manages PGA the Client names Sports, designs, include NFL, Gaming apps Group, the
with. you decade, has popular familiar that that NCAA play freedom it more a games Madness than Challenge the unit official fact, is the may with March along other Live business Bracket created be for In fun
Group league also Services media integration for market major Client provides services sports and Our sports betting sports clients.
XXXX, XXst, past unit the $X.XX This total total or For or million the in $X.XX the compares XX% to revenues in of of sales this of SharpLink generated XXXX. year. XX% December months XX of the revenues million ended sales
we state unit able into operating our with legal where games XXst, and variety of owns days our sales. apps, the or choose recognize and XX% fantasy second new upon Fantasy group the this XXXX our which SharpLink U.S. sales $XXX,XXX a sports sports the at and fantasy Sports Despite in overall which SportsHub unit, every sports financial XXnd in Our is with in of the those to to simulation only real state. that of through Group, the SportsHub being the licensed is of XXXX. closing of as proxy of mobile and fantasy sports to operate to contributed in December revenue business being is money total an based came December date merger in viability XX merger end business operates and Through operate
acquisition regulated our across delivering and from primarily and player traffic in is AMI, gaming quality services and compared represented focused the XXXX This group Europe affiliate unit million marketing the was acquisition, totaled PAS.net. a year. business proprietary retention international affiliate $X.XX or to overall unit, to by prior affiliate of marketing revenues network marketing which on came partners global third through due is timing zero it past year. in the group of the generated the sales of XX% to Our our international, convergence acquisitions, our known business in as This operator eye U.S. XXXX. December, FourCubed and
created was betting leverage replicated this launched is U.S. and International which Group's sports XXXX. We the Marketing Services-U.S. unit iGaming in business November Group, unit our formed Europe our historical in Our success and to emerging markets. and Affiliate final newly AMI of fourth in
revenues a unit growth and U.S. a of and casino to to or expanding and year. behind AM-U.S. business strong is product partners this SharpLink's sportsbook solutions XXXX, driver is conversion While scale relatively new is exponentially reoccurring that group and X.X% yielding key strategy our phase rollout deliver subject unique over for revenue and the a revenues long-term total fan the it us stream expected services, to the activation In time. $XXX,XXX generated to of of
income in gross $X.XX This negative compared Moving statement. previous for XXXX. of ended XXst, reflecting Gross XXX% profit improvement. totaled down year, the $XXX,XXX the profit December a to million the a year
merger As a a comparable gross services with a mix in on to was percentage increase margin XX% higher also higher profit a rising year-over-year from as direct margin climbed revenues negative a and and attributable XX% XXXX FourCubed the result, sold The acquisition of of SportsHub. primarily of products in our basis. to result
Now expenses. at looking
$XX.X XX% Non-cash in year. expenses prior the total XX% total commitment expenses operating in recorded a included year. year-over-year. dropped $XX.XX were increase a $XX.XX asset year to compared million XXXX $X.XX operating fee with prior and accounted the the charge expenses $X.XX expense million of XXXX and goodwill operating XXXX in expenses from or the charges $XX.X For total for in in impairment million SG&A intangible the a million million in XXXX million
legacy of operations from covered operations December XXXX, net net totaled million ended tax after For from XX% I've from million the and December income $XX,XXX, year business factoring year expense from of a million. income $XX.XX total tax income the of for $XX.XX other loss from from of a This income operations continuing XXst, of the and operations reasons $XXX,XXX loss income the to year. MTS discontinued of continuing the represented expenses $XX,XXX reduction net an other after of approximately $XX,XXX prior for in SharpLink's expense $X,XXX. the XXst, and compared the net totaled which discontinued expense Net loss $XX.XX XXXX, prior year ended
Now moving on sheet. to the balance
cash restricted cash had which is restricted to SportsHub. and we increase of of million, to compares and December cash December The total of with million XXXX. cash primarily XXst, $X.XX attributable XXst, in cash our merger $XX.XX as As of XXXX,
In in Bank. in January, our Platinum It loan million company. In a with we convertible an closed and of note $X bank credit $X.XX Platinum. additional a to we credit million that note existing originally from December, XXXX, line million reviving the obligations stems our that institutional a shareholder of year, $X had this SportsHub debt $X.XX secured XXXX million debenture from assumed $X.X on is important SportsHub, $X note revolving an with million XXXX, merger million from commercial we term also with received a and which lender February of the with
strategic debt extraordinary As a the next year funds. opportunity, additional without notwithstanding large result, raise an cash to we and such believe sufficient to acquisition have we to fund our operations us or having as other or available a current for development business equity
that, my financial the With resume highlights floor. Dodi the concluded overview I've invite of Dodi? and, I'll to
