Gentoo Media Inc. Celebrates Record Financial Growth in Q3

Gentoo Media Reports Record Financial Growth

Gentoo Media Inc. is excited to announce that it has achieved record-high revenues for the 15th consecutive quarter, emphasizing its commitment to growth and excellence within the affiliate-focused sector of the online gambling industry.

Financial Highlights for Q3 2024

For the third quarter of 2024, Gentoo Media reported a remarkable revenue of EUR 30.4 million. This figure reflects a 35% increase year-over-year, showcasing the company's ability to thrive in a competitive landscape. This growth is attributed to a combination of strategic initiatives and a focus on high-value markets.

Key Performance Metrics

During this quarter, several key performance indicators stood out:

• EBITDA before special items reached €14.6 million, resulting in an impressive EBITDA margin of 48%.
• The EBITDA after accounting for special items rose by 36% to €14.0 million, with an EBITDA margin of 46%.
• EBIT recorded €10.0 million, maintaining a margin of 33%.

Strategic Transformations Within the Company

Gentoo Media's focus during this period included enhancing market value through substantial player engagement and retention strategies. Although the player intake decreased slightly to 112,000—a 2% decline year-over-year—the overall value of deposits surged by 36%, indicating a strong commitment from existing players.

Company Rebranding and Operational Changes

A significant highlight from Q3 was the successful spin-off of Gentoo's Platform & Sportsbook division, which was finalized on September 30, 2024. This transformative step allowed Gentoo Media to fully realign its operations to focus exclusively on affiliate marketing, optimizing its position for future growth.

With the rebranding from Gaming Innovation Group Inc. to Gentoo Media Inc., the company aims to solidify its identity in the market while enhancing its capital allocation options moving forward. The decision to become an affiliate-focused entity promises expansive opportunities for investor returns.

Leadership and Investor Engagement

In line with these developments, CEO Jonas Warrer will be hosting a presentation regarding the Q3 2024 results via livestream today. This session will offer an opportunity for investors, analysts, and journalists to engage directly with the company’s leadership, reinforcing Gentoo Media's commitment to transparency and investor relations.

About Gentoo Media Inc.

Gentoo Media stands as a market leader in the online gambling and sports betting sector, adeptly connecting operators with players. The company specializes in providing comprehensive iGaming affiliate solutions, including paid marketing and quality traffic, promoting sites such as AskGamblers, Time2Play, CasinoTopsOnline, WSN, and Casinomeister.

Following its legal split in 2024, Gentoo Media, formerly known as GiG Media, has established itself as an independently listed company with dual listings on the Oslo Stock Exchange and Nasdaq Stockholm. Through this transformation, Gentoo Media is poised to maximize value creation and investment opportunities, reinforcing its status within the affiliate industry.

Frequently Asked Questions

What were Gentoo Media's revenues in Q3 2024?

Gentoo Media reported revenues of EUR 30.4 million, marking a 35% increase from the previous year.

What significant change occurred in Gentoo Media's structure?

The company successfully completed the spin-off of its Platform & Sportsbook division, focusing solely on affiliate marketing.

Who is the CEO of Gentoo Media?

Jonas Warrer is the CEO of Gentoo Media Inc., leading the company's strategic initiatives and financial oversight.

What is the primary market focus of Gentoo Media?

Gentoo Media specializes in affiliate solutions for the online gambling and sports betting industry.

How can investors learn more about Gentoo Media's performance?

Investors can attend the livestream presentation hosted by CEO Jonas Warrer for detailed insights into the company's financial results and strategic direction.

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