Gentoo Media has announced its Q3 2024 results, reporting record-high revenues of €30.4 million, marking 15 consecutive quarters of growth. This quarter included the formal rebranding from Gaming Innovation Group Inc. to Gentoo Media Inc. Following a successful spin-off, Gentoo Media is now focused on its affiliate business.
- Revenue reached €30.4 million, a 35% year-over-year increase and a record high for the company. Organic growth contributed 12% of this total. This growth highlights Gentoo Media’s strong performance in the affiliate sector.
- EBITDA before special items was €14.6 million, achieving a high EBITDA margin of 48%. This reflects the company’s improved operational efficiency. After special items, EBITDA increased by 36% to €14.0 million.
- EBIT totaled €10.0 million, with a margin of 33%, up slightly from the previous year. This increase aligns with Gentoo Media’s continued focus on profitability. The company is successfully balancing revenue growth with cost management.
- Focus on higher-value markets led to a 36% increase in deposit value from their player base. Although player intake decreased by 2% year-over-year, revenue from deposits improved. Gentoo Media continues to prioritize quality over quantity in player acquisitions.
- The company completed its spin-off of the Platform & Sportsbook division in September 2024. This shift establishes Gentoo Media as a fully affiliate-focused business. The company believes this focus will better support its long-term goals.
- Post-split, cash flow from operations is expected to improve, offering more flexibility for capital allocation. This strengthens Gentoo Media’s position to deliver returns to investors. The restructured business model supports more efficient investment strategies moving forward.
