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Gaming Innovation Group (GIGI)
OTHER OTC:GIGI
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.06Last Year’s EPS
-$0.03Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: 0.00%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Positive
The earnings call presented a company experiencing strong growth with record-breaking revenue, successful acquisitions, and robust expansion into new markets. However, challenges such as lower revenue share margins, a decrease in player intake, and difficulties in the U.S. market were noted. The overall outlook remains positive with strong future projections.Company Guidance
During the Q3 2024 earnings call, Gentoo Media, rebranded from Gaming Innovation Group, reported a 15th consecutive quarter of all-time high revenue, reaching EUR 30.4 million, which is a 35% increase year-over-year with 12% attributed to organic growth. The company's EBITDA before special items stood at EUR 14.6 million, representing a 48% margin, while after including special items related to the company's split, EBITDA was EUR 14 million, marking a 36% year-on-year increase. The restructuring into a pure affiliate business has enabled Gentoo Media to focus on strategic acquisitions, including AskGamblers and Titan Inc., with the latter expected to yield significant cost savings. Additionally, the company secured a EUR 25 million revolving credit facility with Citibank, emphasizing strong cash flow from operating activities, which totaled EUR 19.9 million for Q3. The company remains optimistic about its 2024 guidance, projecting revenues between EUR 125 million to EUR 135 million with an EBITDA margin of 45% to 50%, anticipating strong Q4 performance driven by seasonality and strategic focus on higher-value markets.Record-Breaking Revenue
The 15th successive quarter with all-time high revenue of EUR 30.4 million, up 35% year-on-year, with 12% organic growth.
Strong EBITDA Margins
EBITDA before special items ended at EUR 14.6 million with a 48% margin, and after special items at EUR 14 million with a 46% margin, up 36% year-on-year.
Successful Acquisitions
Acquisitions of AskGamblers, KaFe Rocks, Casinomeister, and Titan Inc. have been fruitful, contributing to record-breaking quarters.
Geographic Expansion
European revenue grew 51% year-on-year, and Americas revenue increased 52%, with North America revenue more than doubling.
Revenue Diversification
Revenue outside top 5 websites grew 46% year-on-year, now making up 65% of quarterly revenue.
Improved Cash Flow
Cash flow from operations was EUR 19.9 million for Q3 and EUR 36.9 million for the first 9 months of 2024.
Strong Future Projections
Gentoo Media remains confident in 2024 guidance, projecting revenues of EUR 125 million to EUR 135 million and an EBITDA margin between 45% to 50%.
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GIGI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GIGI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $2.62 | $2.62 | 0.00% |
| Aug 28, 2024 | $2.62 | $2.62 | 0.00% |
| May 07, 2024 | $2.62 | $2.62 | 0.00% |
| Feb 14, 2024 | $2.62 | $2.62 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Gaming Innovation Group (GIGI) report earnings?
Gaming Innovation Group (GIGI) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Gaming Innovation Group (GIGI) earnings time?
Gaming Innovation Group (GIGI) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GIGI EPS forecast?
GIGI EPS forecast for the fiscal quarter 2024 (Q4) is $0.06.
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