SEGG Media backed Veloce Media Group boasts strong quarter with blue-chip partnerships for newly acquired Quadrant
Rhea-AI Summary
SEGG Media (NASDAQ: SEGG) reports strong performance following its investment in Veloce Media Group and Veloce's acquisition of Quadrant, a creator-led brand co-founded by Formula 1 driver Lando Norris. Quadrant has secured major partnerships with blue-chip companies including Electronic Arts, T-Mobile, Lego, NordVPN, Revolut, and Swarovski.
Veloce, operating the world's largest racing and gaming media network, achieved £12.8 million ($17.5 million) in revenue for FY 2024, marking a 153% increase from FY 2023. The company generates over 750 million monthly digital views, primarily targeting Gen-Z and millennial audiences. SEGG Media holds a strategic option to acquire a 51% majority stake in Veloce.
Positive
- Revenue growth of 153% year-over-year to £12.8 million ($17.5 million)
- Secured partnerships with major blue-chip companies including EA, T-Mobile, Lego
- Massive digital reach with 750 million monthly views
- Strategic option to acquire 51% majority stake in Veloce
Negative
- None.
News Market Reaction
On the day this news was published, SEGG declined 5.49%, reflecting a notable negative market reaction. Argus tracked a peak move of +795.0% during that session. Argus tracked a trough of -10.0% from its starting point during tracking. Our momentum scanner triggered 15 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $1M from the company's valuation, bringing the market cap to $25M at that time. Trading volume was elevated at 2.6x the daily average, suggesting increased selling activity.
Data tracked by StockTitan Argus on the day of publication.
A Media Snippet accompanying this announcement is available by clicking on this link.
LONDON, Aug. 28, 2025 (GLOBE NEWSWIRE) -- SEGG Media Corporation (NASDAQ: SEGG, LTRYW) (“SEGG Media” or the “Company”), a leading technology company owning Sports.com, Concerts.com, and Lottery.com, continues to see positive growth across its portfolio following its strategic investment into Veloce Media Group (“Veloce”), and Veloce’s subsequent acquisition of Quadrant.
Veloce is one of the fastest-growing platforms at the intersection of sport, gaming and digital media. Following the announcement of the investment into Veloce earlier this year, the partnership is already achieving growth across competitive operations, digital media platforms, and immersive content divisions. Most notably, in the integration and expansion of creator-led brand Quadrant, co-founded by Formula 1 driver Lando Norris.
New Global Partnership Contracts
Quadrant delivered results in its most recent fiscal quarter, underpinned by a series of landmark partnerships with global blue-chip companies including Electronic Arts, T-Mobile, Lego, NordVPN, Revolut and Swarovski. These agreements not only highlight Quadrant’s rapid growth but also underscore its positioning as a premier platform capable of attracting leading businesses across multiple industries.
The growth trajectory of Quadrant and its newly secured partnerships represent a significant driver of future revenues - an important factor in SEGG Media’s strategic option to acquire a majority stake in Veloce.
Matthew McGahan, Chairman & CEO of SEGG Media, said: “This is the first true opportunity we’ve had to see the impact that our investment into Veloce, and subsequently Quadrant, has had. It’s exactly what we envisaged when we brought the brands into the SEGG Media family.
“Veloce’s mission has always been to redefine how the next generations engage with sport, whether it’s through dynamic content, innovative formats, or culturally relevant brands. With Quadrant’s momentum and new global partnerships adding to its ecosystem, they’re unlocking even more long-term growth and look to continue this positive trajectory.”
Veloce operates the world’s largest racing and gaming media network, generating over 750 million monthly digital views and engaging a fast-growing Gen-Z and millennial audience.
Backed by an experienced board and led by CEO Daniel Bailey, Veloce reported
The investment from SEGG Media, which includes a call option for SEGG Media to acquire a
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.com, Concerts.com, and Lottery.com. 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.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding the Company’s strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. When used in this Form 8-K, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “initiatives,” “continue,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. The forward-looking statements speak only as of the date of this press release or as of the date they are made. The Company cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. In addition, the Company cautions you that the forward-looking statements contained in this press release are subject to risks and uncertainties, including but not limited to: the Company’s ability to secure additional capital resources; the Company’s ability to continue as a going concern; the Company’s ability to complete acquisitions; the Company’s ability to remain in compliance with Nasdaq Listing Rules; and those additional risks and uncertainties discussed under the heading “Risk Factors” in the Form 10-K/A filed by the Company with the SEC on April 22, 2025, and the other documents filed, or to be filed, by the Company with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that the Company has filed and will file from time to time with the SEC. These SEC filings are available publicly on the SEC’s website at www.sec.gov. Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release.
This press release was published by a CLEAR® Verified individual.
For additional information, visit www.seggmediacorp.com or contact media relations at media@seggmediacorp.com.
FAQ
What was Veloce Media Group's revenue for FY 2024?
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