Easygo has reported a profit of A$257 million, driven by strong growth in its gambling and live streaming businesses. The company earned this profit from total revenue of A$970 million, based on financial records filed with the Australian Securities and Investments Commission and reported by The Australian. It also paid about A$152 million in company tax.

The records show that Easygo now has net assets valued at A$5.07 billion. This big jump came after a major internal deal completed in December 2024. As part of the deal, the company bought a group of assets and liabilities worth A$4.78 billion.

The purchase was funded by issuing 1.728 million shares to co founders Ed Craven and Bijan Tehrani at a fair value of A$2.77 per share. This change is believed to be part of a reshuffle of assets connected to Easygo’s online gambling and streaming businesses.

Stake and Kick drive business expansion

Easygo provides the main technology and daily support services for the crypto gambling site Stake and the live streaming platform Kick. Together, these two businesses account for most of Ed Craven’s personal wealth, which is estimated at A$4.53 billion.

Stake is still growing very quickly. The platform has more than 21 million users around the world and recorded gaming revenue of over $4.5 billion in 2024. It is also moving into more regulated markets by applying for official gambling licences in several countries.

Kick is also growing at a strong pace and has started to attract users from its larger rival, Twitch. This steady rise in users has helped improve Easygo’s overall business results.

Big spending on staff, tech and new offices

Easygo had 636 workers during the period and plans to employ more people. The company is also opening a new office that will hold nearly twice its current staff, showing it expects to keep growing.

It spent A$118 million on staff pay, A$70 million on technology and A$15 million on marketing. The company had A$116 million in cash, while Ed Craven, the only director, earned a salary of A$250,000.

Acquisitions and rising regulatory pressure

The accounts also show that Easygo paid A$7.1 million in July to buy Stake’s business in Denmark and spent another A$45.1 million on a different company in July 2024.

Easygo owns two game studios called Twist and Massive that make casino games for Stake and other firms. Massive plans to release 24 new games each year. But as the business grows, regulators are paying more attention, especially in the United States. Stake is now facing legal cases in states such as California, Illinois and Alabama.