Gentoo Media is on course for its 15th consecutive quarter with all-time high revenues due to “active developments” in the industry.
For the third quarter of 2024, revenue is expected to come in at €30.4m (£25.4m), with an EBITDA margin of between 46% and 48%.
In keeping with the firm’s financial guidance for full-year 2024, revenue is anticipated to land between €125m and €135m, while the EBITDA margin is predicted to be between 45% and 50%.
Gentoo Media added it was anticipating “strong seasonality” revenue growth, especially within casinos, as well as from initiatives launched throughout 2024.
Jonas Warrer, Gentoo Media CEO, said: “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, Gentoo Media chair, added: “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 is due to release its full Q3 2024 interim report on 13 November.
The update came after Gaming Innovation Group (GiG) shareholders approved the long-awaited split into the affiliate arm Gentoo Media and sports betting supplier GiG Platform and Sportsbook.
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