For 2021 as a whole, GiG recorded nearly €67m ($72.3m) in revenue for a 28% year-on-year increase, while EBITDA amounted to €20.7m, up 93% from 2020’s €10.7m.
The iGaming technology group continued its consistent year-over-year growth trajectory, driven by significant increases from both media and platform services.
The former segment posted all-time high revenue amounting to €45m, up 31% and constituting more than two thirds of the year’s total, while the latter contributed €21.4m for a 13% increase.
Commenting on the group’s performance in 2021, GiG CEO Richard Brown wrote: “We have closed off 2021 with strong financial performance seeing growth in all KPIs, and importantly we have laid a truly exciting and expansive structure in place to further accelerate our global long-term ambitions via the acquisition of SportnCo.
“While pleased with the results for 2021, I still very much feel that we are only beginning our journey towards creating full value potential in the group’s business.”
Alongside GiG’s healthy financial results, Brown remarked in its sustainability report that 2021 allowed the group to “refocus” its sustainability efforts and address the “broad spectrum of initiatives” needed to improve its environmental, social and governance (ESG) ratings.
GiG’s sustainability strategy is based on four pillars: innovation, trust, diversity and inclusion, and education and ESG. With these areas in mind, the group undertook several activities in 2021, including participation in safer gambling training and research, as well as debuting a new compliance feature, Social Media Check.
The group also devoted considerable attention to skills development and diversity initiatives, alongside environmental efforts.
“Our four sustainability pillars have two clearly defined business and people goals, allowing for a truly holistic approach,” added Brown.
