4
February 2025
Gaming Realms Plc
("Gaming Realms", the "Company" or
the "Group")
FY24
Pre-Close Trading Update
Another record year: 22% Revenue Growth and 30%
adjusted EBITDA* Increase
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
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Gaming Realms plc
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0845 123
3773
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Michael Buckley, Executive
Chairman
Mark Segal,
CEO
Geoff
Green, CFO
|
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|
Peel Hunt LLP - NOMAD and joint
broker
|
020
7418 8900
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George
Sellar
Lalit
Bose
|
|
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Investec - Joint broker
|
020
7597 4000
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Ben
Farrow
Lydia
Zychowska
Yellow Jersey PR
Charles
Goodwin
Annabelle
Wills
Bessie
Elliot
|
07747
788 221
|
About
Gaming Realms
Gaming
Realms creates and licenses innovative games for mobile, with
operations in
the UK, U.S., Canada and Malta. Through
its unique IP and brands, Gaming Realms is bringing together media,
entertainment and gaming assets in new game formats. As the creator
of a variety of SlingoTM, bingo, slots and other games, we use our
proprietary data platform to build and engage global audiences. The
Gaming Realms management team includes accomplished entrepreneurs
and experienced executives from a wide range of leading gaming and
media companies.
