Gaming Innovation Group reports Q2 2024
Highlights · Media reported all-time high revenues of €30.3m, up 39% YoY (18% organic growth) · EBITDA increased by 43% to €14.8m, with an EBITDA margin of 48.7% (47.4%) · EBIT reached €7.8m, with a margin of 25.8% (32.3%) · Cash and balance sheet bolstered by a €9m equity raise and a €15m bond tap · GiG Media rebranded to Gentoo Media · FTDs for Gentoo Media were 121,900 (109.400), up 11% YoY Q2-23 · AskGamblers and KaFe Rocks thrives post acquisition showing strong growth · Strategic acquisition of Casinomeister, an online casino advocacy and review platform ·