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“ More of the players are coming from publishing and less from paid ”
JONAS WARRER , GIG MEDIA
Chart 10 : GiG Media revenue Q122-Q423 (€ m )
30
25
20
15
10
5
0
14.1
14.8 15.1
17.8
Q122 Q222 Q322 Q422 Q123 Q223 Q323 Q423
18.4
21.7
Chart 11 : GiG FTDs Q422-Q423 ( 000s )
140
120
100
80
60
40
20
0
86.2
29.7
61.8
49.1
51.6
57.9 Q422 Q123 Q223 Q323 Q423
Publishing Paid
50.0
63.8
22.5
61.9
75.8
26.5 which means that you could make players in paid at an attractive cost .”
But Warrer also noted that back in Europe , GiG ’ s presence was “ still actually very small ”.
“ We have a sustained belief in both Europe and in the Americas as growth markets for GiG Media going forward ,” he said .
Ahead of the split with the platform business Warrer also gave some further information on the strategic direction that would be followed by GiG Media .
He pointed out the extent to which the GiG Media business has already transformed from a Nordicfocused entity to now a global leader . But within many of the individual markets GiG remained “ quite small ”.
“ There ’ s still a lot of opportunity to take market share ,” he added . “ We have a recipe for successful M & A and can fast track growth further by acquisitions if we want to , if we see the right opportunity .”
April 2024