Key points:
- Q4 2024 revenue reached €35.9m, marking a 38% year-on-year increase, with 18% from organic growth
- Full-year revenue totalled €124.5m, up 41% from 2023, with an EBITDA of €56.6m, reflecting a 45% margin
- Quarterly deposit values increased by 27%, bringing total deposits for 2024 to €767m
Gentoo Media reported €35.9m ($37.5m) in Q4 revenue, representing a 38% year-on-year increase, continuing the growth momentum from Q3 2024, where revenue had risen 35% to €30.4m.
The company’s EBITDA before special items stood at €14.3m, reflecting a 40% margin, while EBIT reached €9.8m with a 27% margin.
Full-year revenue reached €124.5m, marking a 41% increase. Total deposits grew 27% to €767m, reinforcing Gentoo’s expanding presence in higher-value affiliate markets.
Affiliate-focused business model gains traction
Following its 30 September 2024 separation from its platform and sportsbook division, Gentoo Media completed its transition into a purely affiliate-driven operation.
The company had previously funded the Platform & Sportsbook division with €46m and its removal has improved operational cash flow, allowing for enhanced capital allocation and greater financial flexibility.
The strategic shift had already shown positive results in Q3 2024, when Gentoo reported 12% organic revenue growth and a 48% EBITDA margin following the completion of the restructuring. The company’s leadership has expressed confidence that its refined focus will support long-term revenue growth and profitability in 2025.
Market expansion and future outlook
Earlier in 2024, Gentoo extended its agreement with Betsson Group to provide GiG Comply compliance solutions, further reinforcing its regulatory and brand protection framework.
The company also secured a €25m revolving credit facility with Citibank Europe, which enhances its ability to pursue targeted acquisitions and maintain steady expansion into high-growth markets.
Past performance and future expectations
Gentoo’s Q3 2024 results reflected the early benefits of its restructuring, with €30.4m in revenue, up 35% from the previous year. The company’s strategic shift to affiliate marketing has enabled strong deposit growth and stable profitability, ensuring continued expansion in 2025 and beyond.
With a full-year EBITDA margin of 45% and an increasing presence in key markets, Gentoo Media remains focused on leveraging its affiliate-driven model to sustain long-term financial growth.
