Lottery.com Inc. SEC 10-Q Report

Lottery.com Inc., now rebranded as Sports Entertainment Gaming Global Media Corporation (SEGG Media), has released its Form 10-Q report for the third quarter of 2025. The report highlights significant financial and operational developments as the company shifts its focus towards sports, entertainment, and gaming verticals.

Financial Highlights

• Revenue: $137,679 for the three months ended September 30, 2025, and $553,290 for the nine months ended September 30, 2025. The decrease in revenue compared to the same periods in 2024 reflects challenges in market conditions.
• Gross Profit: $(67,189) for the three months ended September 30, 2025, and $23,221 for the nine months ended September 30, 2025. The negative gross profit for the quarter indicates increased cost of revenue.
• Income (loss) from operations: $(4,555,695) for the three months ended September 30, 2025, and $(11,983,464) for the nine months ended September 30, 2025. This reflects higher operating expenses relative to revenue.
• Net loss: $(4,608,562) for the three months ended September 30, 2025, and $(11,895,907) for the nine months ended September 30, 2025. The net loss is primarily due to operating losses and impairment charges.
• Net loss per common share: $(1.19) for the three months ended September 30, 2025, and $(3.86) for the nine months ended September 30, 2025. The per-share loss reflects the overall financial performance and increased share count.

Business Highlights

• Business Model Shift: Lottery.com Inc. has rebranded as Sports Entertainment Gaming Global Media Corporation (SEGG Media), reflecting a strategic shift to focus on sports, entertainment, and gaming verticals. This includes operating premium domain brands such as Sports.com, Concerts.com, and Lottery.com.
• Sports Segment Expansion: The company launched Sports.com, a global sports streaming and content platform, initially targeting the United States, Latin America, India, and the Gulf Cooperation Council regions. The platform aims to deliver premium short-form video, curated articles, and live event coverage.
• Entertainment Segment Development: Through TicketStub.com and Concerts.com, the company is pursuing multiple revenue models, including direct-to-consumer ticket sales and subscription-based content related to the music industry.
• Gaming Operations: The company continues to offer multiple gaming platforms for the remote purchase of legally sanctioned lottery and sweepstakes games in the U.S. and abroad, focusing on B2C platforms and data services.
• Geographical Expansion: The company is expanding its operations in Mexico and other Latin American countries through its subsidiaries Aganar and JuegaLotto, which are licensed to sell lottery games and operate online casinos and sportsbooks.
• New Acquisitions: Recent acquisitions include Spektrum Ltd, DotCom Ventures Inc., and assets from Galaxy Racer Holdings Limited, enhancing the company's capabilities in lottery, sweepstakes, and social gaming operations.
• Future Outlook: The company plans to relaunch its core business, expand international lottery operations, and monetize Sports.com, while managing expenditures to align with available operating capital.

SEC Filing: Lottery.com Inc. [ SEGG ] - 10-Q - Nov. 20, 2025