Gaming Realms records 27% revenue jump in 2022
Gaming Realms has recently published its 2022 financial report which highlighted the firm’s healthy growth over the year.
Starting off with the main figures, the company made a bit less than 19 million Pounds in the year, which was up from the previous year’s earnings of under 15 million Pounds. The provider’s adjusted EBITDA was also on the rise in the period, growing from 2021’s 5.8 million Pounds to 7.8 million Pounds. The 2 million Pound difference amounted to an increase of just under 35%.
All of that translated to an even larger jump in Gaming Realms’ profits, which went up by over 200% from the prior year’s 1.1 million Pounds to around 3.5 million Pounds. The firm even ended the period debt-free after paying just under 3.5 million Pounds to Gamesys, although its cash balance dipped below 3 million Pounds as a result.
Apart from the statistics, the firm also highlighted a few of its noteworthy achievements in the year. The main ones were the rapid expansion of its regulated operating markets into prominent jurisdictions like Ontario and Spain, the almost 20% increase in the company’s unique players, and the over 50 new signed partnerships throughout the year.
Lastly, Gaming Realms also mentioned a few statistics from the current year. In the first three months of 2023, the company has managed to release three new games and partner with 13 new operators around the world. Additionally, the provider has also seen a massive over 50% increase in its revenue in the first two months of the period, going from under 2.5 million Pounds in the same timeframe in 2022 to 3.7 million Pounds this year.