{"id":5621,"date":"2025-03-31T11:55:00","date_gmt":"2025-03-31T10:55:00","guid":{"rendered":"https:\/\/www.gamingrealms.com\/?p=5621"},"modified":"2025-09-05T13:44:05","modified_gmt":"2025-09-05T13:44:05","slug":"5621-2","status":"publish","type":"post","link":"https:\/\/gamingrealms.com\/news\/5621-2\/","title":{"rendered":"Annual Results 2024"},"content":{"rendered":"

Annual Results 2024<\/span><\/strong><\/p>\n

22% increase in Revenue and 30% increase in Adjusted EBITDA1<\/sup>\u00a0marks another record year<\/span><\/span>\u00a0<\/span><\/p>\n

Gaming Realms plc (AIM: GMR), the developer and licensor of mobile focused gaming content, announces its annual results for the year ended 31 December 2024 and Q1 highlights for 2025.<\/span><\/strong><\/p>\n

Gaming Realms’ strategic focus on content licensing has continued its significant revenue growth and high margins, with traction in both existing and emerging markets. The Company has an exciting pipeline of new partners and game releases and remains well positioned for continued expansion and success through 2025.<\/span><\/p>\n

2024 Financial Highlights:<\/span><\/strong><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\u00a0Revenue increased by 22% to \u00a328.5m (2023: \u00a323.4m)<\/p>\n

o\u00a0<\/span>\u00a0Licensing revenue increased by 23% to \u00a324.5m (2023: \u00a319.9m)<\/p>\n

o\u00a0<\/span>\u00a0Social publishing revenue increased by 14% to \u00a34.0m (2023: \u00a33.5m)<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\u00a0Adjusted EBITDA increased by 30% to \u00a313.1m (2023: \u00a310.1m)<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\u00a0EBITDA of \u00a312.3m (2023: \u00a39.2m)<\/p>\n

o\u00a0<\/span>\u00a0Licensing segment generated \u00a314.2m EBITDA (2023: \u00a311.3m)<\/p>\n

o\u00a0<\/span>\u00a0Social publishing segment generated \u00a31.2m EBITDA (2023: \u00a30.8m)<\/p>\n

o\u00a0<\/span>\u00a0Head office costs were \u00a33.2m (2023: \u00a32.9m) and excluding share option and related charges were \u00a32.6m (2023: \u00a32.4m)<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\u00a0Profit before tax for the year increased by 61% to \u00a38.3m (2023: \u00a35.2m)<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\u00a0Year-end cash balance increased to \u00a313.5m (2023: \u00a37.5m), with the Group remaining debt free<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\u00a0Announced initial \u00a36m share buyback programme, reflecting the Board’s confidence in the strategy and business model<\/p>\n

2024 Operational Highlights:\u00a0\u00a0<\/span><\/strong><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\u00a0Released 12 new unique Slingo games to the market, enhancing our portfolio offering<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\u00a0Granted full iGaming Supplier Licenses in West Virginia and British Columbia<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\u00a0Launched content in West Virginia, the fifth U.S. state regulated for iGaming where the Group is represented<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\u00a0Launched with 44 new partners globally:<\/span><\/p>\n

o\u00a0<\/span>\u00a0In North America with Fanduel in Pennsylvania and Connecticut, Fanatics in New Jersey, Michigan, Pennsylvania and West Virginia<\/span><\/p>\n

o\u00a0<\/span>\u00a0In Europe with Danske Spil in Denmark, Betclic in Italy and Solverde in Portugal<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\u00a0Increased unique players in content licensing business by 22%<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\u00a0Launched innovative content including\u00a0Slingo Press Your Luck\u00a0and\u00a0Slingo Fowl Play, collaborating with high-profile television and gaming brands<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\u00a0Launched content from a second third-party slot studio, ReelPlay, to accelerate the growth of the distribution business<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\u00a0Doubled the number of third-party games distributed on our network to 14 (2023: 7)<\/span><\/p>\n

Q1 2025 Highlights:<\/span>\u00a0<\/span><\/strong><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\u00a0A strong start to 2025, with revenue in line with management expectations, driven by our core content licensing business showing a 22% increase in the first two months of the year compared with the same period in 2024<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\u00a0Launched with 9 new operators including BetMGM and Superbet in Brazil, and PENN Entertainment in West Virginia<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\u00a0Launched in Brazil with four partners following the market regulating for iGaming in January 2025<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\u00a0Released three new Slingo games, including\u00a0Slingo Genie Gemstones\u00a0and\u00a0Slingo Honey Crew<\/span><\/p>\n

1<\/span>\u00a0EBITDA is profit before interest, tax, depreciation and amortisation and is a non-GAAP measure.\u00a0 The Group uses EBITDA and Adjusted EBITDA to comment on its financial performance.\u00a0 Adjusted EBITDA is EBITDA excluding share option and related charges and adjusting items, which are significant, non-recurring items outside the scope of the Group’s ordinary activities.\u00a0<\/span><\/p>\n

Summary:<\/span><\/strong><\/p>\n

The Group saw core content licensing revenues grow 28% to \u00a323.8m (2023: \u00a318.6m) with North America becoming our largest market with 54% of the total content licensing. This is a result of 59% growth in content licensing revenues in North America to \u00a312.9m (2023: \u00a38.1m).\u00a0<\/span><\/p>\n

Outlook:<\/span><\/strong><\/p>\n

Looking forward, the Group is well placed to deliver further growth in new and existing markets. We have launched our content in the newly regulated iGaming market in Brazil and expect to be launching our games with the lottery in British Columbia in Canada, as well as in South Africa in the coming months. To date, in 2025, we have already launched with 9 partners and three new Slingo games. The Board is confident in the Group’s strategy and expectations for the rest of the current year.<\/span><\/p>\n

Commenting on the Group’s performance, Mark Segal, CEO, said:<\/span><\/strong><\/p>\n

“I am thrilled to share that 2024 has been another record-breaking year for Gaming Realms, with our performance including a 22% increase in revenue and a 30% lift in Adjusted EBITDA. This is strong evidence of the effectiveness of our content licensing strategy, as well as the rising popularity of our Slingo portfolio in international iGaming markets.<\/span><\/p>\n

“Building on the momentum, we have made an excellent start to 2025 with our recent launch in Brazil, a newly regulated iGaming market, which expands our global presence to 21 markets. We have also launched with 9 new partners and released three new Slingo games, further enhancing our exciting and popular portfolio of content. As we move through 2025, we look forward to sharing updates on our continued expansion into new markets, the growth of our exciting game portfolio and upcoming partner launches.”<\/span><\/p>\n

An analyst briefing will be held virtually at 09:30am today. To attend, please email:\u00a0<\/span>gamingrealms@yellowjerseypr.com<\/a><\/span>.<\/span><\/p>\n

The Company also notes that it will be hosting an online presentation to retail investors on Friday, 04 April at 11:00am. Those wishing to join the presentation are requested to sign up to Investor Meet Company for free and add to meet Gaming Realms via:<\/span>\u00a0https:\/\/www.investormeetcompany.com\/gaming-realms-plc\/register-investor<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Annual Results 2024 22% increase in Revenue and 30% increase in Adjusted EBITDA1\u00a0marks another record year\u00a0 Gaming Realms plc (AIM: GMR), the developer and licensor of mobile focused gaming content, announces its annual results for the year ended 31 December 2024 and Q1 highlights for 2025. Gaming Realms’ strategic focus on content licensing has continued […]<\/p>\n","protected":false},"author":1,"featured_media":5622,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-5621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/gamingrealms.com\/wp-json\/wp\/v2\/posts\/5621","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=5621"}],"version-history":[{"count":1,"href":"https:\/\/gamingrealms.com\/wp-json\/wp\/v2\/posts\/5621\/revisions"}],"predecessor-version":[{"id":5754,"href":"https:\/\/gamingrealms.com\/wp-json\/wp\/v2\/posts\/5621\/revisions\/5754"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gamingrealms.com\/wp-json\/wp\/v2\/media\/5622"}],"wp:attachment":[{"href":"https:\/\/gamingrealms.com\/wp-json\/wp\/v2\/media?parent=5621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gamingrealms.com\/wp-json\/wp\/v2\/categories?post=5621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gamingrealms.com\/wp-json\/wp\/v2\/tags?post=5621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}