90
Chart 9 : GiG Media revenues Q420-Q322 (€ m )
16
15
14
What ’ s your view ?
15.1
14.8
Tweet 14.1@ iGamingBusiness igbaffiliate . com
19
13 12.8
12
€ m
Chart 9 : GiG media revenues Q420-Q322 (€ m )
16 |
9 |
9 |
|
15
8
|
14.8 |
15.1 |
14 |
14.1 |
7 |
|
13
6
12
|
Q420 |
Q121 |
Q221 |
Q321 |
12.8
Q421
|
Q122 |
Q222 |
Q322 |
11 Source : company reports
€ m
10 10
9 9
Chart 10 : GiG Media EBITDA Q420-Q322
8
7
11.2 11
67.2 Q420 Q121 Q221 Q321 Q421 Q122 Q222 7
Q322
6.7
Chart 10 : GiG EBITDA Q420-Q322 (€ m )
€ m
11
10
(€ m )
€ m
10
7.2 6.1
7
6.8 6.8
6.7 5.7
5.6
5.3
6.1 5.1
5.1
5.7
5.6 4.6
4.5
4.3 5.3
11
5.1 5.1
4.0 Q420 Q121 Q221 Q321 Q421 Q122 Q222 Q322
4.6
4.5 Source : company
4.3 reports
4.0 Q420 Q121 Q221 Q321 Q421 Q122 Q222 Q322
Chart 11 : GiG paid vs publishing Q420- Q322 ($ m )
Chart 11 : GiG paid vs publishing Q420-Q322 (€ m )
$ m
11.2
11 10 |
9.7 |
9.8 |
10 |
9 |
9.2 |
8 |
7.8 |
8.3 |
7 |
6.9 |
6.4 |
6 5 |
5 |
5.1 |
4.4 |
4 |
3.6 |
|
3 2
1 0
|
2.6 |
3.1 |
3.2 |
2.9 |
Q420 |
Q121 |
Q221 |
Q321 |
Q421 |
Q122 |
Q222 |
Q322 |
Source : Company reports
Paid Publishing
6.8 6.8
“ inexplicable ” why AskGamblers was not a brand presence in the US .
Morten Hillestad , director of business development at GiG Media , said that after three years of “ consolidating and expanding ” the GiG Media business “ the time was ripe to act when this acquisition opportunity emerged ”.
Jonas Warrer , managing director of the media unit , added that the business wants to be the “ leading casino affiliate in the industry , and this acquisition cements our position ”.
Analysts at Redeye in Stockholm suggested that while the acquired assets are “ not growing currently ”, they believe there should be “ potential for GiG to improve growth for the assets ”.
“ GiG sees growth synergies coming from complementing market reach as well as shared marketing technologies and business intelligence systems ,” analyst Hjalmar Ahlberg told his clients .
According to the Q3 earnings presentation , as it currently stands GiG ’ s largest market remains Europe at 60 % with the US worth 20 % and the rest of the world contributing the remaining 20 %.
On the accompanying call , chief executive Richard Brown said ahead of the news of the AskGamblers acquisition that GiG has “ seen the opportunity ” to double down on its media investments .
In particular , and as discussed
Source : company reports
Chart 12 : GiG FTDs Q420-Q322 ( 000s )
March 2023