Gentoo Media Reports Strong Q3 2024 Results and Growth
Gentoo Media's Financial Performance for Q3 2024
Gentoo Media Inc., fully transitioned to an affiliate-driven business model, has celebrated yet another month of remarkable financial performance. The company has reported record revenues for the 15th consecutive quarter, evidencing its resilience and strong market positioning.
Impressive Revenue Growth
In its latest financial report, Gentoo Media announced a staggering revenue of EUR 30.4 million for the third quarter of 2024, which marks a significant 35% increase compared to the previous year. This impressive growth underscores the company's successful strategies and the value it provides within the competitive online gambling and sports betting industry.
Quarterly Highlights
Noteworthy highlights from this quarterly report include:
- All-time high revenue of €30.4 million, with an impressive 12% derived from organic growth.
- The company's EBITDA before special items peaked at €14.6 million, resulting in a robust EBITDA margin of 48%.
- Following adjustments for special items, EBITDA rose by 36% to €14.0 million, maintaining a solid margin of 46%.
- EBIT reached €10.0 million, showcasing a healthy 33% margin.
- The company successfully targeted higher-value markets, resulting in a 36% increase in deposit values from players. Additionally, player intake reached 112,000, reflecting a slight 2% decline year-over-year.
- As part of the strategic realignment, Gentoo Media has fully transitioned away from its previous Platform & Sportsbook division after a defined spin-off.
- With an improved cash flow from operations, the company is now positioned to enhance capital allocation strategies for future growth.
- Gentoo Media's newfound focus allows it to cultivate substantial value for its investors moving forward.
Investor Engagement
Today, the CEO of Gentoo Media, Jonas Warrer, is set to host a live-streamed presentation revealing insights into the Q3 2024 results. The session, commencing at 09:00 CET, will also feature a Q&A segment, inviting input from investors, analysts, and media representatives.
About Gentoo Media
Gentoo Media stands as a prominent leader in the realm of online gambling and sports betting affiliates, connecting operators with players effectively. The firm provides a suite of iGaming affiliate solutions, encompassing paid marketing strategies and high-quality traffic through renowned industry platforms including AskGamblers, Time2Play, and WSN.
This year, Gentoo Media Inc. completed its legal separation from Gaming Innovation Group, rebranding from GiG Media to Gentoo Media Inc. It is noteworthy that Gentoo Media is dual listed, achieving presence on both the Oslo Stock Exchange (ticker "G2MNO") and Nasdaq Stockholm (ticker "G2M").
Frequently Asked Questions
What is Gentoo Media's revenue for Q3 2024?
The company reported record revenues of EUR 30.4 million for Q3 2024.
How much did Gentoo Media's revenue increase compared to last year?
Gentoo Media's revenue increased by 35% year-over-year.
What was the EBITDA margin for Gentoo Media in Q3 2024?
The EBITDA margin reached 48% before special items, with a calculated 46% after adjustments.
What significant change did Gentoo Media undergo this quarter?
Gentoo Media completed the spin-off of its Platform & Sportsbook division, emphasizing its focus on affiliate ventures.
When will the CEO's presentation on Q3 results take place?
The presentation is scheduled for 09:00 CET today and will include a Q&A session for audience interaction.
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