Gentoo Media reports Q3 2024

13 Nov 2024 08:00 CET

Gentoo Media Inc., now solely an affiliate-focused business, reports record high
revenues for the 15th consecutive quarter.

Gentoo Media Inc. presents its Q3 2024 financial report, with record-high
revenue of EUR 30.4 million, up 35% year-over-year, marking the 15th consecutive
quarter of growth. During the quarter, the company completed the spin-off of its
Platform & Sportsbook division and formally rebranded from Gaming Innovation
Group Inc. to Gentoo Media Inc.

Q3 highlights

· Gentoo Media reported all-time high revenues of Euro 30.4m, up 35% YoY, of
which 12% organic growth.
· EBITDA before special items reached Euro 14.6m, with an EBITDA margin of
48%.
· EBITDA after special items increased by 36% to Euro 14.0m, with an EBITDA
margin
of 46% (46%).
· EBIT reached Euro 10.0m, with a margin of 33% (32%).
· Focus on higher-value markets continued in Q3. Value of deposits increased
36% for the player base, while player intake reached 112,000, down 2% YoY.
· Gentoo Media is now purely an affiliate-focused business after distribution
of the Platform & Sportsbook division to shareholders on 30 September 2024.
· Cash flow from operations will improve post-split, expanding capital
allocation options moving forward
· Gentoo Media is now better positioned to deliver meaningful returns and
create substantial value for our investors.

Investor presentation and webcast
CEO of Gentoo Media, Jonas Warrer, will host a presentation of the Q3 2024
results via livestream at 09:00 CET today.

The presentation will be followed by a Q&A-session, and investors, analysts and
journalists are welcome to participate. The presentation will be given in
English.

Link to the livestream:
https://www.redeye.se/events/1045411/live-q-gentoo-media

For further information, contact:
Jonas Warrer, CEO of GiG, jonas.warrer@g2m.com, +45 30788450
Tore Formo, Group CFO, tore.formo@g2m.com +47 91668678

This information is information that Gentoo Media Inc. (GiG) is obliged to make
public pursuant to the EU Market Abuse Regulation. The information was submitted
for publication, through the agency of the contact person set out above, at
08:00 CET on 13 November 2024.

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

632021_Gentoo_Q3_2024_presentation.pdf
632021_Gentoo_Q3_2024.pdf