Gentoo Media Inc. publishes 2024 Annual Report

11 Apr 2025 18:00 CEST

Gentoo Media Inc. (G2M) today announces the publication of its 2024 Annual
Report. The report is available in both PDF format and European Single
Electronic Format (ESEF), and is accompanied by the company's 2024
Sustainability Report, including the EU taxonomy disclosures. All documents can
be accessed via the company's website at www.gentoomedia.com.

For the full year 2024, Gentoo Media reported total revenue of EUR 123 million,
representing a 39% increase year-over-year. EBITDA before special items reached
EUR 57 million, corresponding to an EBITDA margin of 46% and an annual growth of
44%. Cash flow from operating activities totalled EUR 33 million.

CEO Jonas Warrer comments: "Our 2024 results reflect Gentoo Media's strategic
commitment to sustainable growth and operational excellence. Across our global
operations, we continue to deliver high-quality leads and trusted compliance
solutions, empowering our partners to succeed in a dynamic iGaming landscape."

As part of the 2024 year-end close process, management has reassessed internal
accounting policies and procedures. In alignment with IFRS 5, Gentoo Media has
restated its condensed consolidated financial statements to reflect the split
between Media (continuing operations) and Platform & Sportsbook (discontinued
operations). The restatement includes reclassifications and certain provisions
made after the Q4 2024 Interim Report. Additionally, adjustments have been made
to reported revenue, representing a downward correction of approximately 1.5% of
total revenue, due to revised accounting treatment of acquisition-related items.
The reclassification between continuing and discontinued operations has also led
to an increase of EUR 2 million in cash flow from operating activities.

For further information, contact:
Jonas Warrer, CEO, jonas.warrer@g2m.com, +45 30788450
Mikael Harstad, Chairman of the Board, mikael.harstad@g2m, +44 737674852

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. Through its subsidiary Titan Inc. the
company also sells SEO and content services to online businesses. 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

643672_GentooMedia_INC_2024_12_31_en.zip
643672_Gentoo_Media_Inc_AR_2024.pdf
643672_Gentoo_Media_Q4_2024_restated.pdf
643672_Gentoo_Media_Inc_Sustainability_report_2024.pdf