Gentoo Media has provided a trading update for the third quarter of 2024, announcing expected revenues of EUR 30.4 million with an EBITDA-margin between 46-48%. This marks the company’s 15th consecutive quarter with record-breaking revenues. The full-year guidance for 2024 remains unchanged, with revenues projected to be between EUR 125-135 million and an EBITDA margin between 45-50%. The company anticipates strong seasonality in the final quarter, particularly within the casino sector, as well as revenue growth from initiatives launched throughout the year. Gentoo Media is well-positioned to take advantage of the expected growth in the iGaming sector during this promising quarter.
CEO Jonas Warrer expressed his satisfaction with the company’s performance, citing the strong foundation built over the past five years. He highlighted the company’s deliberate strategy of focusing on sustainable growth through revenue sharing and a disciplined approach. Warrer emphasized the commitment to organic growth and diversity, which has proven resilient in adapting to market conditions. The company looks forward to building on this momentum and remaining competitive in the dynamic market.
Chairman Mikael Harstad praised the company’s long-term strategy of steady, diversified growth, which has resulted in another record-breaking quarter. Despite market volatility, the disciplined revenue-sharing model continues to drive sustainable success. Harstad expressed confidence in the company’s strategy, noting its effectiveness in maintaining a competitive edge.
Gentoo Media will release its full Q3-2024 Interim Report on 13 November 2024. For further information, interested parties can contact CEO Jonas Warrer at [email protected] or Chairman Mikael Riese Harstad at [email protected].
Gentoo Media is a leading affiliate in the online gambling and sports betting industry, connecting operators and players. The company offers various iGaming affiliate solutions, including paid marketing expertise and quality traffic through industry sites such as AskGamblers, Time2Play, CasinoTopsOnline, WSN, and Casinomeister. In 2024, Gentoo Media (formerly GiG Media) underwent a legal split from Gaming Innovation Group (GiG) to become Gentoo Media Inc. The company is dual-listed on the Oslo Stock Exchange (ticker “G2MNO”) and Nasdaq Stockholm (ticker “G2M”). For more information, visit www.gentoomedia.com.
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