Gaming Innovation Group reports Q1 2024

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.