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GiG reports revenue results for Q2
For this year’s Q2 GiG announced the results of its financial performance showing 22.1 million euros.
Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization was up by 47% with 8.3 million euros. GiG also reported a good net-profit of 1.3 million euros and 9.5 million euros cash flow from different activities.
GiG media reported a high profit of 14.8 million euros with 35% growth and a higher Earnings Before Interest, Taxes, Depreciation, and Amortization amounting to 7 million euros. Profit from Platform & Sportsbook was down by 43% amounting to 7.3 million euros and 1.3 million euros adjusted EBITDA.
During the second quarter GiG had many operational activities, for example the purchase of Sportnco, also signing contracts with Aspers in the United Kingdom and with Crab Sports in the United States.
Additionally, GiG noted that by the end of Q2 the amount of live brands was fifty-eight.
The group said that 3 brands are going to go live during the third quarter of this year, while revenue for July increased by 37% compared to the previous year.