GiG Reports Record High 4Q 2023 Results

Gaming Innovation Group (GiG) has released its earnings for the fourth quarter of 2023, showcasing growth across various segments. The company attributed its robust performance from October to December to a sound business strategy, according to the organization's press release.

GiG's revenue reached €35.6 million, marking the highest quarterly revenue ever recorded by the company. This figure reflects a 37% increase compared to the same period in 2022 when revenue stood at €26 million. The company highlighted that 20% of the revenue was generated through organic promotion.

EBITDA for the period amounted to €14.2 million, representing a 32% increase compared to the corresponding period the previous year. Several divisions within the organization, including GiG Media and the bookmaker, reported revenue increases of €26.5 million and €9.1 million, respectively.

15 February 2024, 18:30

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