GiG appoints Ryan Collinge as Business Development SVP
Ryan Collinge has recently been named the SVP of Business Development at GiG.The new appointee has more than two decades of experience in the gambling sector, with his...
GiG surpasses revenue record in Q2 2023
GiG generated more than 31 million euros in revenue in the second quarter of 2023.
The company’s revenue represented an increase of about 40% year-over-year, going up from last year’s revenue of just over 22 million euros. This led to an even larger increase in GiG’s EBITDA figure, which went up by 68% from 8.3 million euros to 14 million euros. The firm’s EBITDA margin went up as well, going from 37.5% to 45%.
The report also covered the developer’s earnings before interest and taxes, which experienced one of the largest increases among the firm’s Q2 performance figures at 173%, going up from 2.4 million euros in the second quarter last year to 6.6 million euros this year. This growth was outpaced only by the firm’s profits before taxes, which increased by 197% year-over-year from 2.2 million euros to 6.6 million euros.
GiG broke down the figures by its two main operating segments, GiG Media and Sportsbook and Platform, which generated 21.7 million euros and 9.3 million euros of revenue respectively. The former’s increase helped it surpass its revenue record at a growth of 47%, while the latter experienced an increase of only 27% from last year’s Q2.
GiG acquires KaFe Rocks for €35m
Gaming Innovation Group has recently announced that it has acquired affiliate firm KaFe Rocks.Through this latest acquisition, GiG’s media division will be further...
