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SEGG Media Highlights Veloce’s Diversified Revenue Engine Following $61 Million Majority Acquisition
Globenewswire· 2026-02-27 16:55
Core Insights - The acquisition of Veloce Media Group for $61 million is expected to significantly enhance SEGG Media's revenue, with projections of over $20 million in revenue for 2026 [1][2][8] Revenue Expansion - The acquisition materially expands SEGG Media's top line and strengthens its international presence, transitioning into a global sports and digital media platform [2][12] - Veloce operates a diversified revenue model across five core verticals, reducing dependency on single revenue streams and creating cross-selling opportunities [3][8] Digital Media Network - Veloce's media network includes over 45 racing and gaming channels globally, generating $620,000 in revenue since the launch of its creator agency division in 2025 [4][10] - The creator agency has established partnerships with major brands such as Audi, Ferrari, and Mercedes-Benz, enhancing direct-to-consumer engagement [4][10] Quadrant Growth - Quadrant, acquired in July 2025, is a key growth driver, leveraging commercial assets and a creator network to deliver sponsorship-driven and consumer-driven revenue streams [5][12] Esports and Sustainable Motorsport - Veloce maintains a leadership position in esports and sim racing, generating $3.36 million in revenue from fee-for-service and sponsorship in 2025 [6][10] - The company has also established credentials in sustainable motorsport, with confirmed participation in the FIA Hydrogen World Cup in 2026 [7][10] Strategic Impact - The acquisition enhances SEGG Media's consolidated revenue base and supports its strategic objective of building a scalable, cash-generative international sports and digital media platform [12][17] - Management's focus for 2026 includes integrating Veloce into SEGG Media's broader ecosystem and driving margin expansion through operational integration [13][17]