Gaming Innovation Group posts 35% revenue increase

Finance News

Gaming Innovation Group has reported Q3 2022 revenues of €22.9 million and an adjusted EBITDA of €8.5 million. 

Adjusted EBITDA was €8.5m (5.8), up 47%, adjusted EBITDA margin* increased to 37.0%. EBIT was €2.5m, with an EBIT margin* of 10.8%. Revenues in GiG Media at all-time high of €15.1m (11.2), an increase of 35%, with an adjusted EBITDA of €6.8.

“I am pleased with the development and performance of GiG over the third quarter. The business delivered another record quarter with revenue growth up 35% year-over-year”, says Richard Brown, CEO of GiG.