Gaming Realms, the developer and licensor of mobile-focused gaming content, has announced its annual results for the year ended December 31, 2021, and Q1 highlights for 2022.
Gaming Realms' licensing strategy has enabled the group to grow revenues at high margins during FY21. The group launched in several new regulated igaming markets which will provide continued growth in the coming year.
Revenue increased by 29 per cent to £14.7m (2020: £11.4m) for 2021. Licensing revenue increased 48 per cent to £11.1m (£7.5m). Social publishing revenue decreased eight per cent to £3.6m (£3.9m). Adjusted EBITDA before share option and related charges increased 71 per cent to £5.7m (£3.3m).
Q1 2022 highlights included increased licensing revenue 43 per cent ito £3m (£2.1m) and launching in Spain with Gamesys and Yo Bingo (part of Rank Group). The company also obtained a licence from Ontario with a subsequent launch earlier this month.
