20
Affiliate Monitor Company-by-company Q2 results analysis
RAPID TURNAROUND
Eye-catchingly , GiG also appears to have turned around AskGamblers , bought from Catena for € 45m in late 2022 , in rapid time .
“ We ’ ve also seen strong product enhancement across AskGamblers with a number of the components already migrated to our technical stack ,” said Brown .
“ And we anticipate that will be completed towards the end of this year and potentially into early next . I think we are demonstrating not only the ability , but we will continue to focus on executing short and long-term actions to deliver growth in these assets .”
Brown noted that the refocus undertaken was “ the right thing for the product , both in terms of the content creation and as well as the usability ”.
“ I don ’ t exaggerate , the granularity that the teams actually operate on is immense ,” he added . “ And that ’ s a testament to the teams , their focus and what they always have been doing in demonstrating not only with AskGamblers , but with GiG ’ s assets over the last years .”
He noted that the success of the Media business in general , and not just in turning around AskGamblers , was no “ accident ”.
He added : “ We ’ ve continually demonstrated the ability to execute this on our own assets . We applied those principles there . And again , it ’ s that level of granularity that the teams go through , making
Chart 9 : GiG Media revenue Q321-Q223 (€ m )
24 |
22 |
21.7 |
20 18 16 |
17.8 |
18.4 |
14 |
14.1 |
14.8 |
15.1 |
12 10 8 6 4 2 0 |
11.2 |
12.8 |
Q321 |
Q421 |
Q122 |
Q222 |
Q322 |
Q422 |
Q123 |
Q223 |
Chart 10 : GiG Media EBITDA Q321-Q223 (€ m )
12 11
10.3
10 9
8.9
8 8
7 6.8 7 6.8
6
5.7
5 5.1 4 3 2 1 0
Q321 Q421 Q122 Q222 Q322 Q422 Q123 Q223 iGB Affiliate Monitor