Gentoo Media announces 15th successive quarter
Gentoo Media, a market-leading affiliate connecting operators and players in the online gambling and sports betting industry, is excited to announce its 15th successive...
Gentoo Media hits a record in Q3 with €30.4M revenues
Gentoo Media, a market-leading affiliate connecting operators and players in the online gambling and sports betting industry, shared its Q3 revenues, highlighting the record of €30.4 million, which is an increase of 35% when compared with the same period of 2023.
In uncertain times like these, when similar competitors are falling back, Gentoo Media continues to thrive. Gentoo shared its main highlights of Q3.
Q3 Highlights
•EBITDA (excluding special items): €14.6 million, with a robust EBITDA margin of 48%.
•EBITDA (including special items): Increased by 36% to reach €14.0 million, maintaining a margin of 46%.
•EBIT: €10.0 million, a margin of 33%.
During Q3, Gentoo Media continued its strategic focus on high-value markets, driving a 36% increase in deposit values across its player base. Although new player intake reached 112,000, which is slightly lower than the intake from 2023, this aligns with the shift toward quality over quantity.
With the recent distribution of its Platform & Sportsbook division to shareholders as of 30 September 2024, Gentoo Media has fully transitioned to an affiliate-focused model. This split is expected to enhance operational cash flow, opening up new possibilities for capital allocation and strategic investments.
Earlier, Gentoo Media predicted its Q3 success.
Gentoo Media expects to hit the highest Q3 revenues
Gentoo Media, a market-leading affiliate connecting operators and players in the online gambling and sports betting industry, is excited to share its Q3 revenue predictions...
