Gaming Innovation Group reports increase of 64% in Q1 revenue
The company has reported Q1 2021 revenues of €18.3m, up 64 per cent, and an EBITDA of €4.6m, up 674 per cent. Normalised revenues were €15.4m, an increase of 44 per cent, while normalised revenues for Platform Services were €5.2m, an increase of 19 per cent.
Revenues in Media Services at all-time high of €10.0m (8.2) in Q1 2021, an increase of 23%, EBITDA was €4.6m (4.5).
In terms of operational highlights, GiG signed two new Platform Services agreements in the first quarter, as well as completing development for five new brands.
“The first quarter of 2021 is a strong start to the year and another positive step forward for Gaming Innovation Group, with strong results driven from the work and strategic initiatives pushed through in the last 12 months. We are happy with the overall progress, and look forward to continuing to grow towards our long term objectives”, says Richard Brown, CEO of GiG.
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