Key points:
- Expected Q3 2024 revenue of EUR 30.4m, marking a continuous streak of record quarters
- EBITDA margin projected between 46-48% for the quarter
- Full-year 2024 revenue guidance remains at EUR 125-135m with a 45-50% EBITDA margin
Gentoo Media expects to report Q3 2024 revenue of EUR 30.4m ($32.9m), marking its 15th consecutive quarter of all-time high revenues.
The company projects an EBITDA margin between 46% and 48%, aligning with its performance goals for sustainable growth in the iGaming industry.
Gentoo’s full-year 2024 guidance remains steady, with anticipated revenues of EUR 125-135m and an EBITDA margin in the range of 45-50%.
Gentoo attributes the growth to strategic developments launched throughout the year, which are expected to drive further gains in the final quarter, particularly within its casino segment.
This performance outlook comes shortly after a significant organisational restructuring, which saw Gentoo Media complete a business split from its former platform and sportsbook operations under Gaming Innovation Group (GiG) in June 2024.
Following the rebranding as Gentoo Media, the company now operates as an independent media entity with Citibank Europe as its primary banking partner.
During the restructuring process, Gentoo Media entered a EUR 25m Revolving Facility Agreement with Citibank Europe to support its financial stability and growth strategy.
Gentoo has also renewed its partnership with Betsson Group for an additional year, expanding the use of the compliance and brand protection tool, GiG Comply.
Good to know: The full Q3 2024 Interim Report is scheduled for release on 13 November 2024.
CEO Jonas Warrer said: “Our deliberate strategy of focusing on sustainable growth through revenue sharing and a measured, disciplined approach has consistently paid off. Our commitment to organic growth and diversity has proven resilient as we adapt to shifting market conditions.
Chairman Mikael Harstad added: “Our long-term strategy of steady, diversified growth has proven successful as we celebrate another record-breaking quarter. Despite market volatility, our disciplined revenue-sharing model continues to drive sustainable success.”
In Q3 2024, Gentoo Media rebranded and completed its business split from GiG, securing a strategic foundation to enhance its market position within the iGaming industry.
