Gaming Innovation Group (GiG) has reported third quarter 2022 revenues of €22.9m and an adjusted EBITDA of €8.5m.
“I am pleased with the development and performance of GiG over the third quarter," said CEO Richard Brown. "The business delivered another record quarter with revenue growth up 35 per cent year-over-year.”
EBIT was €2.5m (€2.1m), with an EBIT margin of 10.8 per cent (12.6 per cent). Revenues in GiG Media were at an all-time high of €15.1m (€11.2m), an increase of 35 per cent, with an adjusted EBITDA of €6.8m (€5.1m).
Revenues for platform and sportsbook were €7.8m (€5.7m), an increase of 36 per cent, whereof three per cent was organic (14 per cent organic excluding premium fees), with adjusted EBITDA of €1.7m (€0.6m).
