Gentoo Media Reports 16 Straight Quarters of Growth with Strong Q4 Results

Gentoo Media closed 2024 on a high note, reporting record-breaking revenue for the 16th consecutive quarter. The company, formerly known as Gaming Innovation Group, delivered EUR 35.9 million in Q4 revenue, a 38% increase compared to the previous year. For the full year, revenue reached EUR 124.5 million, marking a 41% year-over-year rise. EBITDA stood at EUR 56.6 million, reflecting a 45% margin when excluding costs related to the recent corporate split.

CEO Jonas Warrer highlighted the company’s consistent momentum, stating, “I am pleased to present our fourth quarter report for 2024, marking the 16th consecutive period of all-time high revenue for Gentoo Media. This sustained growth demonstrates the strength of our strategy and commitment to delivering long-term value to our shareholders.”

The company underwent a strategic shift in 2024, finalizing the separation of its Platform & Sportsbook division on September 30. Following this move, Gentoo Media now operates as a fully affiliate-focused business. The transition has positioned the company for greater operational efficiency, with improved cash flow and more flexibility in capital allocation.

Chairman Mikael Harstad pointed to the company’s strong position in the market while emphasizing room for further expansion. “Gentoo Media has established itself as a major player in a global industry but still only has a small market share, presenting substantial growth opportunities. Management and the board are excited about the road ahead, further positioning the company as an industry leader in 2025 and beyond.”

The latest results underscore the company’s steady growth. EBITDA before special items reached EUR 14.3 million, with a 40% margin. EBIT came in at EUR 9.8 million, representing a 27% margin. Deposits saw a substantial increase, reaching EUR 200 million for Q4, up 27% year-over-year, with the full-year figure hitting EUR 767 million.

Throughout 2024, Gentoo Media also provided EUR 46 million in funding for the Platform & Sportsbook business. Now fully independent, the company is focused on driving further revenue growth and maximizing investor returns in the years ahead.