Gentoo Media Inc. Unveils Impressive 2024 Annual Report with Strong Financial Highlights

Gentoo Media Inc. Publishes 2024 Annual Report

Gentoo Media Inc. (G2M) has recently disclosed its much-anticipated 2024 Annual Report, highlighting outstanding financial results and strategic developments for the fiscal year. The report is accessible in both PDF and the European Single Electronic Format (ESEF), alongside the company’s 2024 Sustainability Report featuring EU taxonomy disclosures. All documents are available online at the company's website, www.gentoomedia.com.

In 2024, Gentoo Media recorded a total revenue of EUR 123 million, marking an impressive 39% increase compared to the previous year. Additionally, the earnings before interest, taxes, depreciation, and amortization (EBITDA) before special items reached EUR 57 million, which translates into a robust EBITDA margin of 46%. This achievement is complemented by an annual growth rate of 44%. The operating activities also yielded a commendable cash flow of EUR 33 million, demonstrating the company's efficiency in generating cash from its core operations.

CEO Jonas Warrer emphasized the significance of these results, stating, "Our 2024 outcomes underscore Gentoo Media’s strategic focus on sustainable growth and operational excellence. Throughout our international operations, we consistently deliver high-quality leads and reliable compliance solutions, enabling our partners to thrive in today’s evolving iGaming environment."

As part of the 2024 year-end closure, management conducted a thorough reassessment of internal accounting policies and related procedures. In accordance with IFRS 5, the condensed consolidated financial statements were restated to clearly distinguish between Media – classified as continuing operations – and Platform Sportsbook, which falls under discontinued operations. This restatement involved several reclassifications and adjustments, including a downward correction of approximately 1.5% of total revenue due to a revised accounting treatment of acquisition-related items. Notably, the reclassification between continuing and discontinued operations resulted in an additional EUR 2 million increase in operating cash flow.

Gentoo Media, a prominent leader in the online gambling and sports betting sector, is dedicated to connecting operators with players through a range of iGaming affiliate services. Through their distinguished platforms like AskGamblers, Time2Play, CasinoTopsOnline, WSN, and Casinomeister, they offer expert paid marketing solutions and valuable web traffic to their partners. Furthermore, through its subsidiary Titan Inc., Gentoo Media provides SEO and content services for online enterprises.

In 2024, Gentoo Media rebranded from its previous name, GiG Media, following a legal division that separated its Media operations from the Platform and Sportsbook business within Gaming Innovation Group (GiG). Now, Gentoo Media Inc. stands as a distinct entity and is publicly listed on both the Oslo Stock Exchange (ticker “G2MNO”) and Nasdaq Stockholm (ticker “G2M”).

As the company looks to the future, maintaining transparency and sustainable growth will be paramount in its strategy to ensure long-term engagement with stakeholders and continued success in a competitive iGaming landscape.

For more details, stakeholders can get in touch with CEO Jonas Warrer at [email protected] or via phone at +45 30788450. For inquiries relating to the Board, Mikael Harstad can be reached at mikael.harstad@g2m or +44 737674852.