Gaming Innovation Group achieved all-time high revenues in the second quarter of 2023 amounting to €31.1m (22.1), an increase of 40% YoY, where of 22% was organic.

Adjusted EBITDA was €14.0m (8.3), up 68%, adjusted EBITDA margin* increased to 45.0% (37.5%) an all-time high and strong progress towards financial target goal of 50%. EBIT was €6.6m (2.4), an increase of 173% YoY, with an EBIT margin* of 21.1% (10.8%.

Revenues in GiG Media at all-time high of €21.7m (14.8), an increase of 47% (20% organic), with an adjusted EBITDA of €10.3 (7.0).Revenues for Platform & Sportsbook were €9.3m (7.3), an increase of 27%, all organic, with adjusted EBITDA of €3.7m (1.3), adjusted EBITDA margin* increased to 39.7% (17.2%).

“The second quarter of 2023 has proven another step forward for GiG with the business reaching another all-time high in revenues. We now look into the second half of the year with total focus on ensuring strong growth mechanics, continued operational improvement and long-term scalability for GiG”, says Richard Brown, CEO of GiG.