GIG MEDIA Q1 REVIEW
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Affiliate Monitor Company-by-company Q1 results analysis
GIG MEDIA Q1 REVIEW
WITH THE STRATEGIC review having settled the future for parent Gaming Innovation Group with a split of the media business from the sports technology platform , and with chief executive Richard Brown subsequently announcing his departure to join Glitnor at the start of next year , the moment of greatest disruption is likely behind the company .
Still , going by the recent performance of the Media business , an observer could be forgiven for asking “ what disruption ?”
Revenue reached another all-time high at € 18.4m , 31 % up year-on-year and showing organic growth of 8 %. Excluding the AskGamblers acquisition , revenue was up 13 % year-on-year . Adjusted EBITDA rose 17 % to € 8.1m while FTDs soared 59 % to 110.8k .
Notably , the company said
Chart 7 : GiG Media revenue Q221-Q123 (€ m )
|
20
18
16
|
17.8 |
18.4 |
14.8 |
15.1 |
14 |
14.1 |
12.8 |
12 |
11 |
11.2 |
10 |
8 |
6 |
4 |
2 |
0 |
Q221 |
Q321 |
Q421 |
Q122 |
Q222 |
Q322 |
Q422 |
Q123 |
Chart 8 : GiG Media EBITA Q221-Q123 (€ m )
10 |
9 |
8.9 |
8 |
8 |
|
7
6
|
6.8 |
7 |
6.8 |
5.7 |
|
5
4
3
2
1
0
|
5.3 |
5.1 |
Q221 |
Q321 |
Q421 |
Q122 |
Q222 |
Q322 |
Q422 |
Q123 |
Source : company reports iGB Affiliate Monitor July 2023