add_action('wp_head', function(){echo '';}, 1);{"id":593,"date":"2025-02-14T20:05:20","date_gmt":"2025-02-14T16:35:20","guid":{"rendered":"https:\/\/sasan.salimi.info\/?p=593"},"modified":"2025-02-14T21:33:10","modified_gmt":"2025-02-14T18:03:10","slug":"gaming-innovation-group-reports-q4-revenue-of-26m","status":"publish","type":"post","link":"https:\/\/sasan.salimi.info\/?p=593","title":{"rendered":"Gaming Innovation Group reports Q4 revenue of \u20ac26m"},"content":{"rendered":"

Q4 2022 revenue of \u20ac26m ($27.8m) and an adjusted EBITDA of \u20ac10.8m have been announced by Gaming Innovation Group (GiG).<\/p>\n

Richard Brown, GiG CEO, said: “We have delivered a stellar<\/a> quarter across the business with strong growth for Group revenues and EBITDA of 44% & 71% respectively.”<\/p>\n

The report states that EBIT was \u20ac4.0m, up 80% year-over-year, with an EBIT margin of 15.5%. GiG Media had a 40% growth in revenue to an all-time high of \u20ac17.8m and an adjusted EBITDA of \u20ac8.9m.<\/p>\n

Platform & sportsbook revenue reached a record-high of \u20ac8.2m, a rise of 54%, with organic growth of 35% (39% organic growth excluding premium fees) and adjusted EBITDA of \u20ac1.8m.<\/p>\n

After FTDs ended, GiG’s player intake and quarterly income both hit new record highs of 115,900,\u00a0 an increase of 91%. GiG Media and News Corp UK & Ireland Limited have partnered to provide The Sun and TalkSport with sports betting and casino content.<\/p>\n

It introduced four brands, including two in Ontario, a newly governed jurisdiction in Canada. Six new contracts were also signed throughout the quarter.<\/p>\n

The report indicates that GiG started a strategic analysis with the intention of splitting the company into two independent publicly listed entities in relation to events that occurred after Q4.<\/p>\n

Further, revenues in January are up 29% from the same time last year.<\/p>\n

The biggest recent news for GiG came in January when the company completed the acquisition of AskGamblers from ‘super affiliate’ Catena Media, for \u20ac45m<\/p>\n

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