Gentoo Media - Trading update for Q3-2024

25 Oct 2024 08:00 CEST

Following the industry's active developments in recent weeks, Gentoo Media is
providing a trading update for Q3 2024.

Third-quarter 2024 revenues are expected to end at EUR 30.4 million with an
EBITDA-margin between 46-48%. This marks Gentoo Media's 15th successive quarter
with all-time high revenues.

The Company remains confident in its guidance for full-year 2024 results, with
revenues between EUR 125-135 million and an EBITDA margin between 45-50%. In the
final quarter, we anticipate strong seasonality, particularly within casinos,
along with revenue growth from initiatives launched throughout the year. The
Gentoo Media organisation is ready to capitalise on the expected growth in the
iGaming sector during this promising quarter.

Jonas Warrer, CEO of Gentoo Media: "We are pleased to deliver our 15th
consecutive all-time high quarter, which reflects the strong foundation we've
built over the past five years. Our deliberate strategy of focusing on
sustainable growth through revenue sharing and a measured, disciplined approach
has consistently paid off. Our commitment to organic growth and diversity has
proven resilient as we adapt to shifting market conditions. We look forward to
building on this momentum as we remain well-positioned to thrive in a dynamic
market with a long-term vision of continued success."

Mikael Harstad, Chairman of Gentoo Media: "Our long-term strategy of steady,
diversified growth has proven successful as we celebrate another record-breaking
quarter. Despite market volatility, our disciplined revenue-sharing model
continues to drive sustainable success. The results speak for themselves - our
strategy is working, and we're confident it will keep giving us a competitive
edge."

Gentoo Media will release its full Q3-2024 Interim Report on 13 November 2024.

For further information, contact:
Jonas Warrer, CEO of Gentoo Media, jonas.warrer@g2m.com, +45 30788450
Mikael Riese Harstad, Chairman of the Board, mikael.harstad@g2m.com, +44
7984183850

About Gentoo Media
Gentoo Media is a market-leading affiliate connecting operators and players in
the online gambling and sports betting industry. Gentoo Media offers an array of
iGaming affiliate solutions, such as paid marketing expertise and quality
traffic through our prominent industry sites, including AskGamblers, Time2Play,
CasinoTopsOnline, WSN and Casinomeister. In 2024, Gentoo Media (formerly GiG
Media) became Gentoo Media Inc. following a legal split separating the Media and
Platform and Sportsbook business in Gaming Innovation Group (GiG) into two
independently listed companies. Gentoo Media Inc. is dual listed on the Oslo
Stock Exchange (ticker "G2MNO") and Nasdaq Stockholm (ticker "G2M").
www.gentoomedia.com

More information:
Access the news on Oslo Bors NewsWeb site

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