Gentoo Media Inc. Unveils 2024 Annual Insights and Reports
Gentoo Media Inc. Announces 2024 Annual Report Release
Gentoo Media Inc. (G2M) is excited to share its 2024 Annual Report, a significant document reflecting the company's performance and strategic initiatives. This comprehensive report is now accessible in both PDF format and the European Single Electronic Format (ESEF). It is accompanied by the 2024 Sustainability Report and the necessary EU taxonomy disclosures.
Remarkable Financial Performance in 2024
During the fiscal year of 2024, Gentoo Media reported an impressive total revenue of EUR 123 million, marking a 39% increase compared to the previous year. This revenue surge is indicative of Gentoo Media’s dynamic operational model and robust market presence in the competitive landscape of online gambling and sports betting.
Additionally, Gentoo Media's EBITDA before special items reached EUR 57 million, resulting in an exceptional EBITDA margin of 46%. This growth trajectory showcases a remarkable annual growth of 44%, alongside a cash flow from operating activities totaling EUR 33 million, significantly strengthening the company’s financial foundation.
Strategic Commitment to Sustainable Growth
CEO Jonas Warrer remarked, "Our 2024 results reflect our strategic commitment to sustainable growth and operational excellence. Throughout our global operations, we continue to deliver high-quality leads and trusted compliance solutions, enabling our partners to thrive in a dynamic iGaming environment." This commitment to quality and results illustrates the company's dedication to its vision and mission.
Comprehensive Financial Restatement and Adjustments
As part of its year-end close process, management undertook a reassessment of its internal accounting policies and procedures. In alignment with IFRS 5, Gentoo Media restated its condensed consolidated financial statements to clearly delineate between Media (continuing operations) and Platform & Sportsbook (discontinued operations). This restatement process involved numerous reclassifications and certain provisions that were initiated after the Q4 2024 Interim Report, further enhancing the transparency of the company’s financial standing.
The company’s reported revenue underwent a minor adjustment, reflecting a downward correction of approximately 1.5% of total revenue, mainly due to revised accounting practices concerning acquisition-related items. Notably, the reclassification between continuing and discontinued operations has facilitated an increase of EUR 2 million in cash flow from operating activities, further solidifying the organization’s financial health.
Contact Information for Further Inquiries
For further information, interested parties are encouraged to reach out to:
Jonas Warrer, CEO, +45 30788450
Mikael Harstad, Chairman of the Board, +44 737674852
About Gentoo Media
Gentoo Media stands as a prominent player in the online gambling and sports betting industry, connecting operators and players through its innovative affiliate solutions. With a diverse portfolio, including renowned sites like AskGamblers, Time2Play, CasinoTopsOnline, WSN, and Casinomeister, Gentoo Media excels in delivering quality traffic and marketing expertise to its partners.
As part of its operations, the company also delivers SEO and content services via its subsidiary, Titan Inc. The year 2024 marked a pivotal shift for Gentoo Media, as the company rebranded from GiG Media following its legal split, establishing itself as an independently listed entity on the Oslo Stock Exchange (ticker "G2MNO") and Nasdaq Stockholm (ticker "G2M").
Frequently Asked Questions
What is the main focus of Gentoo Media Inc.?
Gentoo Media Inc. focuses on affiliate solutions in the online gambling and sports betting sectors, connecting operators with players efficiently.
How much revenue did Gentoo Media report for 2024?
Gentoo Media reported a total revenue of EUR 123 million for the year 2024, a 39% increase year-over-year.
What strategic commitments did Gentoo Media highlight in its report?
In its report, Gentoo Media emphasized its focus on sustainable growth, operational excellence, and delivering high-quality leads and compliance solutions.
What changes were made in Gentoo Media’s financial statements?
The company restated its financial statements in accordance with IFRS 5, clarifying operations between Media and Platform & Sportsbook, resulting in some revenue corrections.
What services does Gentoo Media provide through its subsidiary?
Through its subsidiary, Titan Inc., Gentoo Media offers SEO and content services to enhance the online presence of businesses in the gaming sector.
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