GiG Q4 2024 results are in, showing solid momentum despite financial challenges. The company delivered strong underlying revenue growth and expanded its customer base. With new agreements and a strong contract pipeline, GiG aims for a promising 2025.

• Underlying revenue growth of 44%, with revenue of €8.6 million in Q4 2024 excluding client exits and Enterprise revenue (Q4 2023: €6.0 million)
• Total Q4 2024 revenue reached €8.8 million, up 19% from Q3 2024 (Q4 2023: €9.1 million).

• For the full year 2024, revenue declined to €31.8 million from €37.8 million in 2023, influenced by the GiG Enterprise Solution sale.

• Q4 2024 adjusted EBITDA was €0.1 million, down from €1.1 million in Q4 2023, with a margin of 1%. The operating loss before intangible impairments stood at €6.1 million.

• Adjusted EBITDA for 2024 was at a €3.0 million loss compared to an €11.1 million profit in 2023.

• The operating loss before impairments (EBIT) stood at €28.0 million (2023: profit of €4.8 million).

• Loss after taxes was €6.0 million in Q4 20234 and as massive €80.2 million for the full year 2024.

• Cash and cash equivalents were €6.3 million at year-end, down from €10.6 million in 2023.

• The company reported a 34% increase in annualized recurring revenue (ARR), reaching €33.4 million as of January 2025, up from €24.9 million a year prior.

• The company launched key clients, including The Pools in the UK, integrating both platform services and GiG’s sportsbook. Additional launches, Betzone and Primero, followed in January 2025. GiG secured seven new commercial agreements, including a renewed partnership with Betsson and six new clients, expanding its market presence.

• CEO Richard Carter stated: “Q4 2024 marked a transformational quarter both in the growth delivered and the foundations laid for 2025.”

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