Gentoo Media reported its 16th consecutive quarter of record revenue in the fourth quarter of 2024. This follows its split from the wider GiG or Gaming Innovation Group.
During the period, Gentoo Media reported its highest-ever quarterly revenue. This reaches €35.9 million in the middle of a 38% increase compared to the same period in the previous year.
The company completed its split from the platform of GiG & Sportsbook operations in September. It also recorded a 31% rise in EBITDA before special items, reaching €14.3 million.
Jonas Warrer, CEO of Gentoo said that he is pleased to present their fourth quarterly report for the past year. They close the year with another record-breaking quarter, making the 16th consecutive period of all-time high revenue for Gentoo Media.
This sustained growth demonstrates the strength of their strategy. It also reflects their commitment to delivering long-term value to their partners and shareholders.
A key milestone in the final quarter was their strategic shift to a fully affiliate-focused business. This followed the divestment of their Platform & Sportsbook operations at the end of Q3 2024.
This transformative step enhances and strengthens their ability to innovative and expand within the affiliate sector.
Revenue increased by 41% to €124.5 million. EBITDA before special items rose 45% to €57.2 million for the full year 2024.
Reaching €25.8 million compared to €12.9 million in 2023, net profit from continuing operations more than doubled.
Gentoo Media’s performance improved as it transitioned into a purely affiliate-focused business after the corporate split. This saw the company divest its sportsbook and platform operations.
As a result, the 2024 financials reflect one-time costs from the split. Analysts expect these costs to diminish going forward.
The company continued its shift towards higher-value players and markets during the quarter. By 27%, the total value of player deposits increased while total player intake in the fourth quarter dropped 18% year-on-year to 112,400.
