Affiliate Monitor Company-by-company Q3 results analysis

Maybe it is the natural way with Swedish executives to undersell what they are discussing , but the endorsement from executive chairman Petter Nylander , taking the place of departed chief executive Richard Brown in helming the results announcement , was understated .

“ GiG Media , with another all-time high both in revenues and EBITDA , [ is ] just showing the excellence of what management and the team is doing there . It ’ s really nice to see ,” he told the analysts .

“ And our latest acquisition on the Media side , AskGamblers , continued its positive momentum and revenues are up 45 % from the run rate .”

Of course , it is these comments that have been discussed in the main feature of this report . Still , it is worth repeating that with the help of the work done on AskGamblers , GiG ’ s media division hit a record in terms of revenues at € 22.5m , up 49 % year-on-year , while adjusted EBITDA rose 53 % to € 10.4m .

Jonas Warrer , soon to be the CEO of the standalone GiG Media business , said on the call that the European markets were “ still growing ”, adding , “ I think there ’ s still a lot of potential for us in

Chart 5 : GiG Media revenue Q421-Q323 (€ m )

Chart 6 : GiG adjusted EBITDA Q421-Q323 (€ m )

Europe to grow even further . But element to secure sustainable of course , the relative importance long-term growth in the business .” of especially Nordics , and also to “ Simply because it reduces risk some degree Europe , goes down and it makes you less volatile to as we grow in other regions .” what is happening ,” he added . “ I

He added that the company think everybody that has worked believes diversification is the “ key in the industry for the time iGB Affiliate Monitor