Published
OnlineCasinoFinancial

Gaming Realms sees 10% H1 revenue growth, predominantly in North America

Supplier Gaming Realms has highlighted year-on-year licensing revenue growth of 57% for its interim H1 results, to £6.4m ($7.3m).

gaming realms h1 2022 gambling insider web image

Total revenue grew 10% to £8.5m, while group EBITDA was up 12% to £3.5m – with a 41% EBITDA margin.

North American revenue, in particular, saw a 55% rise to £4.7m, forming the majority of the provider's overall revenue.

Social revenue, however, fell 7% to £1.8m, but profit before tax was up 66% to £1.3m.

Some of the operational highlights that led to Gaming Realm's H1 figures included the release of new products, as well as market launches in Ontario, Spain, Denmark and with Loto-Quebec.

Michael Buckley, Gaming Realms Executive Chairman, said: "The group has delivered another period of strong growth supported by our ongoing expansion into newly regulated markets in North America and Europe, with content licensing revenue increasing by 57%.

"While brand licensing declined in the period under review, as a result of the significant contract in last year's comparative period, this was more than made up by increased income from our core content licensing.

"While we are mindful of the impact of higher inflation throughout global markets, the outlook for the group remains positive. The group has a strong new business pipeline and will also see additional revenues coming from North America, as well as from the new market entries in Europe. As such we expect to deliver on market expectations for the full year."

Gaming Realms CFO Mark Segal will speak exclusively to Gambling Insider about its H1 results.

Premium+ Connections
Premium

Revsharks

 
Premium

Digitain

 
Premium

GammaStack

 
Premium

PIN-UP Partners

 
 
Premium

1xBet Partners

 
Premium

Lynon

 
Premium

RISK

 
Premium

Sport Generate

 
Premium

Galaxsys

 
Premium

Imagine Live

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...