New Growth and Records: GIG Announces First Quarter Results
Date: 2024-05-06 Author: Robert Beloved Categories: SPORTS BETTING
Gaming Innovation Group (GIG) shared impressive first-quarter results, highlighting a start to the year with record revenue that marked the most successful period in the company's history.
GIG's revenue achieved an impressive 52% increase to €36.2 million, confirming that the company is on a path of dynamic growth. This growth reflects positive developments in key business sectors such as platform and bookmaker.
Leading Factor
One of the key factors contributing to this impressive result was revenue from GIG Media, which increased 52% year-over-year. This success is based on organic growth and highlights the importance of the media segment in the company's structure.
Prospects and Achievements
Total group revenue increased by 28% year-on-year, confirming the stable growth and investor confidence in GIG's business. In addition, adjusted total EBITDA reached €13.5 million, the result of successful agreements and strategic decisions.
New Steps and Agreements
The company continues to expand its presence and partnerships. In April, GIG appointed Mateusz Juroszek to its board of directors and also entered into an agreement with Grand Casino Basel, giving the company access to the Swiss market. These moves underscore GIG's commitment to global growth and diversification.
The results presented demonstrate GIG's continued growth and success in the iGaming industry. Record revenues and extensive partnerships demonstrate the company's strength and potential in a rapidly changing gaming landscape.
