{"id":5284,"date":"2024-07-31T14:29:51","date_gmt":"2024-07-31T13:29:51","guid":{"rendered":"https:\/\/www.gamingrealms.com\/?p=5284"},"modified":"2024-07-31T14:29:51","modified_gmt":"2024-07-31T13:29:51","slug":"h1-2024-revenue-and-ebitda-growth-of-18-and-21-respectively-driven-by-growth-in-content-licensing-and-market-expansion","status":"publish","type":"post","link":"https:\/\/gamingrealms.com\/investors-news\/h1-2024-revenue-and-ebitda-growth-of-18-and-21-respectively-driven-by-growth-in-content-licensing-and-market-expansion\/","title":{"rendered":"H1 2024 Revenue and EBITDA growth of 18% and 21% respectively, driven by growth in content licensing and market expansion"},"content":{"rendered":"<p class=\"cd\"><span class=\"bs\">Gaming Realms plc (AIM: GMR), the developer and licensor of mobile-focused gaming content, announces a pre-close trading update for the half-year ending 30 June 2024 (&#8220;H1 2024&#8221; or &#8220;the Period&#8221;).<\/span><\/p>\n<p class=\"cd\"><span class=\"bs\">The Company is pleased to report expected H1 2024 revenue of approximately\u00a0\u00a313.5 million\u00a0and adjusted EBITDA* of approximately\u00a0\u00a35.8 million, reflecting year-on-year increases of 18% and 21%, respectively. Excluding brand licensing from the first half numbers, where there was a\u00a0\u00a3600,000\u00a0one-off item in H1 2023, the adjusted EBITDA* for H1 2024 increased by over 45% year-on-year.<\/span><span class=\"bs\">\u00a0<\/span><\/p>\n<p class=\"cd\"><span class=\"bs\">This robust performance was driven by the Group&#8217;s core content licensing business whose revenues grew 28% year-on-year, and where the Company strengthened its market presence by partnering with 22 new clients and launching 7 new Slingo games.<\/span><\/p>\n<p class=\"ce\"><span class=\"bv\">In\u00a0North America, highlights included the launch of the Slingo portfolio with Fanduel in\u00a0Pennsylvania\u00a0and\u00a0Connecticut, Atlantic Lottery Corporation (Canadian Maritime Provincial Lottery) and also Fanatics in\u00a0New Jersey,\u00a0Michigan\u00a0and\u00a0Pennsylvania.<\/span><\/p>\n<p class=\"ce\"><span class=\"bv\">In\u00a0Europe, Slingo went live with Pokerstars in\u00a0Italy\u00a0and\u00a0Romania, DAZN in the\u00a0UK\u00a0and\u00a0Spain, Livescore in\u00a0the Netherlands, Solverde in\u00a0Portugal, VirginBet in the\u00a0UK\u00a0and Entain in\u00a0Spain.\u00a0<\/span><\/p>\n<p class=\"cd\"><span class=\"bs\">The strong momentum experienced during this period provides the Board with the belief that the Company is on track to meet its full-year targets, as it continues to expand into new markets and launch new games with existing partners.<\/span><\/p>\n<p class=\"cd\"><span class=\"bs\">The Company expects to announce its 2024 Interim Results during the week commencing 9 September 2024.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gaming Realms plc (AIM: GMR), the developer and licensor of mobile-focused gaming content, announces a pre-close trading update for the half-year ending 30 June 2024 (&#8220;H1 2024&#8221; or &#8220;the Period&#8221;). The Company is pleased to report expected H1 2024 revenue of approximately\u00a0\u00a313.5 million\u00a0and adjusted EBITDA* of approximately\u00a0\u00a35.8 million, reflecting year-on-year increases of 18% and 21%, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5183,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-5284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investors-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/gamingrealms.com\/wp-json\/wp\/v2\/posts\/5284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gamingrealms.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gamingrealms.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gamingrealms.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gamingrealms.com\/wp-json\/wp\/v2\/comments?post=5284"}],"version-history":[{"count":0,"href":"https:\/\/gamingrealms.com\/wp-json\/wp\/v2\/posts\/5284\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gamingrealms.com\/wp-json\/wp\/v2\/media\/5183"}],"wp:attachment":[{"href":"https:\/\/gamingrealms.com\/wp-json\/wp\/v2\/media?parent=5284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gamingrealms.com\/wp-json\/wp\/v2\/categories?post=5284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gamingrealms.com\/wp-json\/wp\/v2\/tags?post=5284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}