GIG Shares down on Q4 Earnings & Revenue Beat
Gaming Innovation Group reports €39.9 million in revenues in Q4 2018 and an EBITDA of €5.0 million.
One-off items adversely impacted EBITDA by €1.8m in Q4 2018. Excluding one-off costs, EBITDA was €6.9m in Q4 and €18.9m for the full year 2018.
“In Q4, we matched our previous all-time-high in revenues and for the full year 2018, we grew revenues and EBITDA with nearly 30% over 2017.
After investing around €16m into tech and product development in 2018, we have now closed the circle and are offering products and services across all major verticals in the iGaming value chain. We have started our expansion into regulated markets with big brand partners, and we have launched our online and retail sports betting platform in the USA. I am really proud of what we have achieved and are looking forward to 2019.“, says Robin Reed, CEO of GiG.