Gentoo Media Inc., now solely an affiliate-focused enterprise, studies document excessive revenues for the fifteenth consecutive quarter.
ST JULIANS, Malta, Nov. 13, 2024 /PRNewswire/ — Gentoo Media Inc. presents its Q3 2024 monetary report, with record-high income of EUR 30.4 million, up 35% year-over-year, marking the fifteenth consecutive quarter of progress. Throughout the quarter, the corporate accomplished the spin-off of its Platform & Sportsbook division and formally rebranded from Gaming Innovation Group Inc. to Gentoo Media Inc.
Q3 highlights
Gentoo Media reported all-time excessive revenues of € 30.4m, up 35% YoY, of which 12% natural progress.EBITDA earlier than particular gadgets reached €14.6m, with an EBITDA margin of 48%.EBITDA after particular gadgets elevated by 36% to €14.0m, with an EBITDA margin of 46% (46%).EBIT reached €10.0m, with a margin of 33% (32%).Give attention to higher-value markets continued in Q3. Worth of deposits elevated 36% for the participant base, whereas participant consumption reached 112,000, down 2% YoY.Gentoo Media is now purely an affiliate-focused enterprise after distribution of the Platform & Sportsbook division to shareholders on 30 September 2024. Money circulate from operations will enhance post-split, increasing capital allocation choices transferring forwardGentoo Media is now higher positioned to ship significant returns and create substantial worth for our traders.
Investor presentation and webcastCEO of Gentoo Media, Jonas Warrer, will host a presentation of the Q3 2024 outcomes by way of livestream at 09:00 CET immediately.
The presentation shall be adopted by a Q&A-session, and traders, analysts and journalists are welcome to take part. The presentation shall be given in English.
Hyperlink to the livestream:https://www.redeye.se/occasions/1045411/live-q-gentoo-media
For additional info, contact: Jonas Warrer, CEO of GiG, jonas.warrer@g2m.com, +45 30788450Tore Formo, Group CFO, tore.formo@g2m.com +47 91668678
This info is info that Gentoo Media Inc. (GiG) is obliged to make public pursuant to the EU Market Abuse Regulation. The data was submitted for publication, via the company of the contact particular person set out above, at 08:00 CET on 13 November 2024.
About Gentoo Media
Gentoo Media is a market-leading affiliate connecting operators and gamers within the on-line playing and sports activities betting trade. Gentoo Media affords an array of iGaming affiliate options, akin to paid advertising and marketing experience and high quality site visitors via our outstanding trade websites together with AskGamblers, Time2Play, CasinoTopsOnline, WSN and Casinomeister. In 2024, Gentoo Media (previously GiG Media) grew to become Gentoo Media Inc. following a authorized break up separating the Media and Platform and Sportsbook enterprise in Gaming Innovation Group (GiG) into two independently listed corporations. Gentoo Media Inc. is twin listed on the Oslo Inventory Alternate (ticker “G2MNO”) and Nasdaq Stockholm (ticker “G2M”). www.gentoomedia.com
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https://mb.cision.com/Fundamental/15972/4065617/3110784.pdf
Gentoo_Q3_2024
https://mb.cision.com/Public/15972/4065617/a1e82c86f3baeee6.pdf
Gentoo Q3 2024 presentation
