Gentoo Media Publishes Strong Q4 as Business Keeps Momentum

Gentoo Media, formerly GiG Media, has published its financial report for the fourth quarter of 2024, highlighting record-high revenue. The business has been going from strength to strength ever since its split from Gaming Innovation Group and is poised for further growth.

Gentoo Media’s Revenues Grew for the 16^th Consecutive Quarter

According to Gentoo Media, Q4 set a new quarterly revenue for the company as it reported revenues of EUR 35.9 million ($37.5 million). This marked a 38% increase year-on-year, of which 18% were organic growth. This resulted in a full-year revenue of EUR 124.5 million ($130.2 million), marking an increase of 41% year-on-year.

EBITDA before special items, on the other hand, reached EUR 14.3 million ($15 million) in Q4. This figure represented an EBITDA margin of 40%. EBITDA for the year stood at EUR 56.6 million ($59.2 million), representing a margin of 45%. Gentoo Media clarified that the latter figure excluded split-related costs.

The report added that Gentoo Media’s Q4 EBIT reached EUR 9.8 million ($10.2 million), with a margin of 27%.

Other key metrics included a 27% increase in the value of deposits, which reached EUR 200 million ($209.1 million) in the fourth quarter of 2024. Full-year deposits, meanwhile, reached EUR 767 million ($802 million).

2024 Was a Transformational Period

Gentoo Media described 2024 as a transformative year for its business. The period saw GiG complete its split as Gentoo Media divested the Platform & Sportsbook division to stakeholders and is now operating a purely affiliate-focused business.

Speaking of which, Gentoo Media noted that, throughout 2024, it has funded the Platform & Sportsbook business with EUR 46 million ($48.1 million).

According to the Gentoo Media leadership, the group is well positioned as a stand-alone business and poised to continue its steady growth. The company said that it expects its post-split cash flow to continue improving, enhancing capital allocation flexibility.

Gentoo Media is furthermore better positioned to drive strong returns and investor value.

Gentoo Media Seeks to Become an Industry Leader

Representatives addressed the thrilling results, praising the Gentoo Media team for driving sustained growth. Chief executive officer Jonas Warrer was especially pleased with the fact that Q4 marked the 16^th consecutive period of all-time high revenue for the group.

This sustained growth demonstrates the strength of our strategy and commitment to delivering long-term value to our shareholders.

Jonas Warrer, CEO, Gentoo Media

Mikael Harstad, chairman of the board at Gentoo Media, was likewise happy with the progress. He said that the company has not only established itself as a major player but also has a lot of room to grow. Currently, it commands a fairly small market share but is excited about the road ahead and the opportunity to position itself as an industry leader in 2025 and beyond.