Gaming Innovation Group has reported fourth quarter 2020 revenues of €17.3m and an EBITDA of €4.1m, both figures up on the previous year.
Revenues were up 66 per cent fron 2019's €10.4m, all organic growth. Normalised revenues were €14.2m (€10.2m), an increase of 38 per cent. EBITDA in Q4 2020 was 4,431 per cent up on 2019 (€100,000) and the normalised EBITDA margin increased to 29.2 per cent.
Richard Brown, CEO of GiG, commented: “2020 has seen some significant milestones accomplished in GiG’s journey to become a leading B2B platform and media supplier in the igaming industry and the fourth quarter continued to demonstrate the results of actions taken through the year by delivering yearly growth in normalised revenues and EBITDA by 19 per cent and 212 per cent respectively.”
