#Malta #Q4 2024 #financial report #Gentoo Media #St Julians

Gentoo Media Achieves Record Growth in Q4 2024

Gentoo Media Inc. has announced exceptional financial results for the fourth quarter of 2024, showcasing a remarkable revenue growth of EUR 35.9 million, which represents a substantial 38% increase year-over-year. This achievement marks the 16th consecutive quarter of record-breaking revenue for the company, a testament to its strong business strategy and execution.

In 2024, Gentoo Media generated a total revenue of EUR 124.5 million for the entire year, signifying a robust 41% increase from the previous year. Remarkably, the earnings before interest, taxes, depreciation, and amortization (EBITDA) reached EUR 56.6 million, translating to a significant margin of 45% when excluding costs related to their restructuring. This impressive financial performance reflects the company's ability to adapt and thrive within a dynamic marketplace post-split.

Andrew Warrer, the CEO of Gentoo Media, expressed his pleasure in presenting these results, emphasizing, "The sustained growth demonstrates the strength of our strategy and our commitment to delivering long-term value to our shareholders." This statement underscores the company's focus on creating shareholder value while also navigating challenges within the industry.

Mikael Harstad, the Chairman of the Board, also shared his insights, stating, "Despite the impressive growth, Gentoo Media still occupies a small market share, hence we are optimistic about the significant growth opportunities ahead. Our management team is fully committed to positioning the company as a leader in the industry come 2025 and beyond."

Key Highlights from Q4 2024:

• - Record Revenue: Gentoo Media noted all-time high revenues of EUR 35.9 million, showcasing a year-on-year rise of 38%. Remarkably, 18% of this growth was organic.
• - EBITDA: Before special items, EBITDA reached EUR 14.3 million, achieving a margin of 40%.
• - EBIT: The quarterly EBIT came in at EUR 9.8 million, with a margin of 27%.
• - Deposits Growth: The total value of deposits accumulated during the quarter reached EUR 200 million, reflecting a 27% year-on-year increase.
• - Focus on Affiliate Business: Following the strategic split of their Platform Sportsbook division in September 2024, Gentoo Media is now purely dedicated to affiliate marketing.
• - Improved Cash Flow: Post-split, the company's cash flow from operations is expected to improve, providing enhanced flexibility for capital allocation, driving further returns and value for investors.

In 2024, the company provided considerable funding of EUR 46 million to its Platform Sportsbook business, paving the way for future growth potential.

To further engage with shareholders and the investment community, CEO Jonas Warrer will host a live presentation of the Q4 results at 10:00 CET followed by a question-and-answer session. Analysts, investors, and journalists are invited to participate in this open discussion about the company’s remarkable trajectory and future strategies. The presentation will be conducted in English, ensuring wide accessibility.

For those interested in learning more or participating in the live presentation, a link will be provided to the webcast.

About Gentoo Media:

Gentoo Media operates as a leading affiliate in the online gambling and sports betting sector, connecting operators with players. The company has made significant advancements following its rebranding and restructuring, formerly known as GiG Media. With a portfolio that includes renowned industry platforms like AskGamblers and CasinoTopsOnline, Gentoo Media is well-positioned for future growth and innovation. As a dual-listed entity on the Oslo Stock Exchange and Nasdaq Stockholm, it is dedicated to delivering exceptional value to shareholders and stakeholders.