Forecast Adjustment

Fable Media Group has updated its full-year forecast for 2024. The group now anticipates revenue in the range of SEK 92 to 96 million, with an EBITDA profit of SEK 65 to 69 million and an expected EBITDA margin of 70 to 72 percent.

This represents a revision from the previous forecast, which projected revenue of SEK 97 to 105 million and an EBITDA profit of SEK 70 to 75 million, with an expected EBITDA margin of 70 to 74 percent.

The adjusted forecast is primarily attributed to lower sportsbook margins, as reported by the industry during the second half of 2024. Additionally, Fable Media Group increased its marketing expenditure in the fourth quarter compared to the preceding third quarter to seize on new opportunities in the market. This has driven significant growth in the number of First-Time Depositors referred to the group’s partners towards the end of the year, which is expected to contribute positively to the group’s long-term growth.

December 19, 2024
Fable Media Group AB

This disclosure contains information that Fable Media Group is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 19-12-2024 15:01 CET.

For further information:
Alexander Pettersson, CEO
alexander@fablemedia.se
https://fablemedia.se

Fable Media Group AB invests in lead generation businesses. The company is listed on Spotlight Stock Market in Stockholm.

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