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Gaming Innovation Group reports Q1 2024

Published

1 year ago

on


GiG marks huge landmark in execution of its strategic growth trajectory, with new listing as a fully independent company
Reading Time: < 1 minute

 

Highlights

  • Reported revenues (GiG Media) at all-time high of €28.0m (18.4), an increase of 52% (21% organic), with an EBITDA of €13.5 (8.0)
  • The group, including Platform & Sportsbook achieved all-time high revenues amounting to €36.2m (28.4), an increase of 28% YoY
  • FTDs for GiG Media were 125,100 (110.800), up 13% YoY
  • AskGamblers continued positive momentum, with record traffic, players generated, revenue and EBITDA
  • Platform & Sportsbook signed eight new agreements and HoTs in Q1-24, and ten brands went live so far in 2024
  • Existing customers on the platform add up to a total of 67 brands, with an additional integration pipeline of 18 brands as of today
  • The business is operationaly ready for the strategic split of Media and Platform & Sportsbook. The split is expected by Q3 2024, pending approvals

 

Investor presentation and webcast

Chairman of the Board, Petter Nylander will host a presentation of the Q1 2024 results via livestream at 10:00 CET with Jonas Warrer, CEO Media and group CEO, and Richard Carter, CEO Platform & Sportsbook, attending. The presentation will be followed by a Q&A-session, and investors, analysts and journalists are welcome to participate. The presentation will be given in English.

 

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George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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