Financial reports
Gentoo Media delivers 16 consecutive quarters of record growth
2024 was a transformative period for the company and after successfully completing a strategic split, the Group is well positioned as a stand-alone business to capitalise on growth opportunities and enhance its market presence
Gentoo Media Inc. presents its Q4 2024 financial report, with record-high revenue of EUR 35.9 million, up 38% year-over-year, marking the 16th consecutive quarter of growth. Full year revenue was EUR 124.5 million (an increase of 41% YoY) with EBITDA of EUR 56.6 million representing a margin of 45%. (excluding split-related costs).
Jonas Warrer, CEO of Gentoo Media: “I am pleased to present our fourth quarter report for 2024, marking the 16th consecutive period of all-time high revenue for Gentoo Media. This sustained growth demonstrates the strength of our strategy and commitment to delivering long-term value to our shareholders”.
Mikael Harstad, Chairman of the Board at Gentoo Media:”Gentoo Media has established itself as a major player in a global industry but still only has a small market share, presenting substantial growth opportunities. Management and the board are excited about the road ahead, further positioning the company as an industry leader in 2025 and beyond.”
Q4 2024 highlights
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Gentoo Media reported all-time high revenues of EUR 35.9 million, up 38% YoY, of which 18% organic growth
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EBITDA before special items reached EUR 14.3 million, an EBITDA-margin of 40%
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EBIT reached EUR 9.8 million, with a margin of 27%
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Quarterly value of deposits reached EUR 200 million, up 27% YoY, bringing full-year deposits to EUR 767 million
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By Q4 Gentoo Media is now purely an affiliate-focused business after distribution of the Platform & Sportsbook division to shareholders on 30 September 2024
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Post-split, cash flow from operations will improve, enhancing capital allocation flexibility. Gentoo Media is now better positioned to drive strong returns and investor value
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Throughout 2024 Gentoo Media has funded Platform & Sportsbook business with EUR 46 million
Investor presentation and webcast
CEO of Gentoo Media, Jonas Warrer, will host a presentation of the Q4 2024 results via livestream at 10:00 CET today.
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.
The post Gentoo Media delivers 16 consecutive quarters of record growth appeared first on European Gaming Industry News.
Financial reports
Gambling.com Group Announces Preliminary Record 2024 Fourth Quarter Revenue of Approximately $35.2 Million, Net Income of Approximately $7.8 Million and Adjusted EBITDA of Approximately $14.7 Million
Introduces 2025 Guidance for Revenue of $170 to $174 Million and Adjusted EBITDA of $67 to $69 Million
Will Report 2024 Fourth Quarter and Full Year Results on March 20 and Host Conference Call and Webcast
Gambling.com Group Limited, a fast-growing provider of digital marketing services for the global online gambling industry, today provided select preliminary financial results for the fourth quarter and full year periods ended December 31, 2024. In addition, the Company introduced 2025 revenue and Adjusted EBITDA guidance as detailed below.
Preliminary 2024 Fourth Quarter Results:
- Total revenue of approximately $35.2 million
- Net Income of approximately $7.8 million
- Adjusted EBITDA of approximately $14.7 million, representing an Adjusted EBITDA margin of 42%1
- Cash flow generated by operating activities of approximately $13.6 million
- Free Cash Flow of approximately $13.1 million1
Preliminary 2024 Full Year Results:
- Total revenue of approximately $127.1 million
- Net Income of approximately $30.5 million
- Adjusted EBITDA of approximately $48.5 million, representing an Adjusted EBITDA margin of 38%1
- Cash flow generated by operating activities of approximately $37.6 million
- Free Cash Flow of approximately $41.5 million1
“Our preliminary, record 2024 fourth quarter and full year results surpassed expectations due to our relentless focus on execution and the ability of our global portfolio of websites to continuously drive valuable, high intent traffic to our customers in a capital efficient manner,” said Gambling.com Group co-founder and CEO, Charles Gillespie. “Our operating performance continues to be led by the strong growth trajectory and attractive unit economics of iGaming revenue across all our operating regions. As reflected in our initial revenue and Adjusted EBITDA guidance for 2025, we are confident that our great positioning will drive yet another year of record performance with impressive continued revenue, Adjusted EBITDA and Free Cash Flow growth.”
The preliminary unaudited results provided in this release are derived from preliminary internal financial reports and are subject to revision based on the Company’s procedures and controls associated with the completion of its 2024 fourth quarter and full year financial reporting.
____________________________
- Represents non-IFRS information. See “Non-IFRS Financial Measures” and the tables at the end of this release for an explanation of the adjustments and reconciliations to the comparable IFRS numbers.
2025 Outlook
The Company today also introduced full year 2025 guidance for revenue of between $170 million and $174 million and Adjusted EBITDA of between $67 million and $69 million.
The Company’s guidance assumes:
- Incremental Adjusted EBITDA contributions of approximately $14.5 million related to the acquisition of Odds Holdings, Inc. that was completed on January 1, 2025.
- While online sports betting is expected to begin in Missouri in the second half of 2025, the Company’s guidance policy excludes any benefits from new state launches until such time as a definitive start date is announced by the appropriate regulatory body.
- An average EUR/USD exchange rate of 1.05 throughout 2025.
2024 Fourth Quarter Conference Call and Webcast
Gambling.com Group will release its 2024 fourth quarter and full year results before the market opens on Thursday, March 20, 2025, and host a conference call and simultaneous webcast at 8:00 AM ET that day. During the call, Gambling.com Group Chief Executive Officer and Co-Founder, Charles Gillespie, and Chief Financial Officer, Elias Mark, will review the Group’s financial results and provide a business update, followed by a question-and-answer session.
The post Gambling.com Group Announces Preliminary Record 2024 Fourth Quarter Revenue of Approximately $35.2 Million, Net Income of Approximately $7.8 Million and Adjusted EBITDA of Approximately $14.7 Million appeared first on Gaming and Gambling Industry in the Americas.
Kambi Group plc (“Kambi”) has during the period 29 January to 4 February 2025 (the “Buyback Period”) repurchased a total of 50,000 ordinary shares (ISIN: MT0000780107) as part of the share buyback programme, within the mandate approved at the Extraordinary General Meeting on 20 June 2024 (the “Programme”).
The objective of the Programme is to achieve added value for Kambi´s shareholders and to give the Board increased flexibility with Kambi´s capital structure by reducing the capital. The Programme is being carried out in accordance with the Maltese Companies Act, EU Market Abuse Regulation No 596/2014 (“MAR”) and other applicable rules.
During the Buyback Period, Kambi repurchased a total of 50,000 ordinary shares at a volume-weighted average price of 120.94 SEK. From the beginning of the Programme, which started on 6 November 2024, until and including 4 February 2025, Kambi has repurchased a total of 590,500 ordinary shares at a volume-weighted average price of 109.73 SEK per share.
During the Buyback Period, Kambi has repurchased shares as follows:
| Date | Aggregated daily volume (number of ordinary shares) |
Weighted average share price per day (SEK) |
Total daily transaction value (SEK) |
| 29 January 2025 | 10,000 | 118.91 | 1,189,107 |
| 30 January 2025 | 10,000 | 120.04 | 1,200,389 |
| 31 January 2025 | 10,000 | 123.02 | 1,230,150 |
| 3 February 2025 | 10,000 | 121.26 | 1,212,563 |
| 4 February 2025 | 10,000 | 121.46 | 1,214,613 |
All acquisitions have been carried out on Nasdaq First North Growth Market in Stockholm by Carnegie Investment Bank AB on behalf of Kambi. Following the acquisitions and as of 4 February 2025, Kambi’s holding of its own shares amounted to 590,500 and the total number of issued shares in Kambi is 29,903,619 ordinary shares. Under the Programme Kambi is authorised to repurchase a maximum of 3,127,830 ordinary shares, up to a maximum amount of €12.0 million.
A full breakdown of all transactions carried out during the Buyback Period is attached to this announcement.
The post Kambi Group plc repurchase of shares during 29 January – 4 February 2025 appeared first on European Gaming Industry News.
The three Detroit casinos reported $108.35 million in monthly aggregate revenue (AGR) for the month of November 2024. Table games and slots generated $106.44 million and retail sports betting generated $1.91 million.
The November market shares were:
- MGM, 46%
- MotorCity, 31%
- Hollywood Casino at Greektown, 23%
Monthly Table Games, Slot Revenue, and Taxes
The casinos’ revenue for table games and slots for the month of November 2024 increased 40.1% when compared to the same month last year. This remarked increase is due in part to when casino employees went on strike¾which began in October 2023 and lasted through most of the month of November 2023¾causing AGR totals to be lower than normal. November’s monthly revenue was 2.7% higher when compared to the previous month, October 2024. From Jan. 1 through Nov. 30, the Detroit casinos’ table games and slots revenue increased by 5.6% compared to the same period last year.
The casinos’ monthly gaming revenue results all increased compared to November 2023:
- MGM, up 60.6% to $49.21 million
- MotorCity, up 34.0% to $33.06 million
- Hollywood Casino at Greektown, up 16.8% to $24.17 million
In November 2024, the three Detroit casinos paid $8.6 million in gaming taxes to the State of Michigan. They paid $6.2 million for the same month last year. The casinos also reported submitting $13.2 million in wagering taxes and development agreement payments to the City of Detroit in November.
Monthly Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $20.99 million in total retail sports betting handle, and total gross receipts totaled $1.9 million for the month of November. Retail sports betting qualified adjusted gross receipts (QAGR) were down by $1.2 million in November when compared to November 2023, and up by $2.7 million when compared to October 2024.
November QAGR by casino was:
- MGM: $457,409
- MotorCity: $571,059
- Hollywood Casino at Greektown: $886,249
During November, the casinos paid $72,376 in gaming taxes to the state and reported submitting $88,460 in wagering taxes to the City of Detroit based on their retail sports betting revenue.
Fantasy Contests
For October 2024, fantasy contest operators reported total adjusted revenues of $991,881 and paid taxes of $83,318.
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