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Gentoo Media hits €30.3m in Q2
Gentoo Media (previously known as GiG) announced its Q2 results, highlighting the rise of its operating revenues to 39%.
Gento Media, formerly known as GiG Media, is an industry-leading affiliate in iGaming, driving more than 100,000 depositing players to its partners yearly. GiG rebranded to Gentoo Media on June 18.
Talking about the company’s Q2 results, the Media division marked its reach of €30.3 million ($33.7 million), which is 39% more than the revenues generated in 2023. This marks also an organic growth of 18%.
The company’s year-to-date EBITDA is €14.8 million, with an EBITDA margin of 48.7%. EBIT, on the other hand, reached EUR 7.8 million ($8.7 million) with a margin of 25.8%.
Next to the Media division’s higher revenues are the revenues of Platform & Sportsbook, which, on the contrary, saw a 21$ decline, bringing €7.3 million in revenue with EBITDA of €1.6 million. However, Platform & Sportsbook secured two new agreements, two additional Head of Terms, and a contract extension, and launched two new brands, changing the number of their active brands to 72.
GiG has confirmed that the Gentoo Media and Platform & Sportsbook split is to be finalized by the end of September, and the trading will be started on October 1.
Previously, Gentoo Media appointed Christian Uhrenholt as CFO to lead the company’s financial strategy and support its growth.
FAQs
What is Gentoo Media?
Gentoo Media, formerly known as GiG Media, is a leading affiliate in the iGaming industry. It drives over 100,000 depositing players to its partners each year.
When did GiG Media rebrand to Gentoo Media?
GiG Media rebranded to Gentoo Media on June 18, 2024.
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