Gentoo Media has announced an expected revenue milestone for Q3 2024, with projected earnings reaching EUR 30.4 million and an EBITDA margin of 46-48%, marking the company’s 15th consecutive quarter of record-breaking revenue.
As Gentoo Media anticipates wrapping up 2024, the company maintains its full-year revenue forecast between EUR 125-135 million with an EBITDA margin of 45-50%. Q4 is poised for even further growth, driven by strong seasonal trends in casino gaming and revenue streams from new initiatives launched earlier in the year.
The organization has positioned itself to capitalize on the iGaming sector’s continued expansion as it moves into this high-potential quarter.
Jonas Warrer, CEO of Gentoo Media, highlighted the company’s robust performance: “We are pleased to deliver our 15th consecutive all-time high quarter, which reflects the strong foundation we’ve built over the past five years.
Our deliberate strategy of focusing on sustainable growth through revenue sharing and a measured, disciplined approach has consistently paid off. Our commitment to organic growth and diversity has proven resilient as we adapt to shifting market conditions.
We look forward to building on this momentum as we remain well-positioned to thrive in a dynamic market with a long-term vision of continued success.”
Mikael Harstad, Chairman of Gentoo Media, echoed the optimistic outlook: “Our long-term strategy of steady, diversified growth has proven successful as we celebrate another record-breaking quarter.
Despite market volatility, our disciplined revenue-sharing model continues to drive sustainable success. The results speak for themselves – our strategy is working, and we’re confident it will keep giving us a competitive edge.”
Gentoo Media plans to release its full Q3-2024 Interim Report on 13 November 2024, detailing the company’s achievements and reinforcing its strategy to adapt and grow in a dynamic market.
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