GiG second quarter jumps 37%

Finance News

Gaming Innovation Group reports Q2 2022 revenues of €22.1 million and an adjusted EBITDA of €8.3 million.

All time high revenues in Q2 2022 amounting to €22.1m (16.1), an increase of 37% YoY, whereof 24% organic. Adjusted EBITDA was €8.3m (5.6), up 47%, adjusted EBITDA margin* increased to 37.5% (35.0). EBIT was €2.4m (2.3), with an EBIT margin* of 10.8% (14.3%)

Revenues in GiG Media at all-time high of €14.8m (11.0), an increase of 35%, with an all-time high adjusted EBITDA of €7.0m (5.3)

Revenues for Platform & Sportsbook were €7.3m (5.1), an increase of 43% whereof 2% organic (12% organic growth excl. premium fees), with an adjusted EBITDA of €1.3m (0.3).

“The strong momentum that we carry forward in Q2 and the exciting milestone of completing the acquisition of Sportnco on April 1st, position our business for continued growth and escalating profitability levels”, says Richard Brown, CEO of GiG.

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