Following on from the Gaming Realms trading update on June 2, 2020, the company is pleased to announce that it has continued to trade ahead of market expectations.
Revenues in H1 2020 were £5m (H1 2019: £3.1m) with adjusted EBITDA of approximately £1.2m (H1 2019: loss of £0.1m). The performance in the period is a result of the expansion of its partners internationally and the release of new Slingo games, which have had increased take-up by consumers.
While the revenue growth in the period was helped by the impact of Covid-19, trading during the seven weeks following the period end, which were post lockdown, have maintained similar levels seen during the period.
As a result of this, the board expects revenue and EBITDA for the full year to December 31, 2020, to be materially ahead of current market expectations. The board will be announcing its H1 2020 results on September 8.
