FY24 Pre-Close Trading Update
FY24 revenue £28.5m up 22%, adjusted EBITDA £13m up 30%, Slingo licensing agreement renewed with Scientific Games.
vs expectations: in line
- FY24 Revenue £28.5m (prior FY23 approximately £23.4m)
- FY24 adjusted EBITDA £13m (prior FY23 approximately £10m)
- Revenue Growth 22%
- Adjusted EBITDA Growth 30%
- Slingo new partners launched 44
- Regulated markets active 20
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Gaming Realms plc (AIM: GMR), the developer and licensor of mobile focused gaming content, is pleased to announce its pre-close trading update for the full year to 31 December 2024 ("FY24").
The Company anticipates reporting FY24 revenue of approximately £28.5 million, up 22% against the prior year, and adjusted EBITDA* of £13m, up 30% against FY23 and in line with market expectations.
This strong performance was driven primarily by content licensing, supported by growth across all major markets. During FY24, Gaming Realms launched its Slingo portfolio with 44 new partners globally and successfully introduced its games in West Virginia, the Company's fifth US iGaming market. Gaming Realms' content is currently active in 20 regulated markets.
Early trading in 2025 has been encouraging, with ongoing demand for the Slingo portfolio. The Company remains focused on continued product innovation to drive future growth with our partners and new market launches.
The Company is also pleased to announce the renewal of the licensing agreement with Scientific Games for the Slingo brand, continuing the partnership for five more years. This renewal brings Slingo-branded retail and digital games to lotteries in Australia, Canada, Europe, New Zealand and the US.
Gaming Realms expects to announce its FY24 Preliminary Results during the week commencing 31 March 2025.
Mark Segal, Chief Executive of Gaming Realms, commented: "We are delighted to announce these strong results for FY24, which underline the continued appeal of our Slingo portfolio and other unique gaming content. Our success in entering new regulated markets, coupled with the addition of multiple new partners, has fuelled significant growth. We look forward to building on this momentum in 2025 as we broaden our market reach and further expand our innovative content portfolio."
*EBITDA before share-based payments and adjusting items
| Gaming Realms plc | 0845 123 3773 |
Michael Buckley, Executive Chairman Mark Segal, CEO Geoff Green, CFO
| Peel Hunt LLP - NOMAD and joint broker | 020 7418 8900 |
| George Sellar Lalit Bose | |
| Investec - Joint broker | 020 7597 4000 |
| Ben Farrow Lydia Zychowska Yellow Jersey PR Charles Goodwin Annabelle Wills Bessie Elliot | 07747 788 221 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.