30th Jul 2024 20:19
Gaming Realms PLC - London-based mobile betting games developer - Issues trading update for six months to June 30. Expects first half revenue of around GBP13.5 million and adjusted earnings before interest, taxes, depreciation and amortisation of around GBP5.8 million, reflecting year-on-year increases of 18% and 21%, respectively. Excluding brand licensing from the first half numbers, adjusted Ebitda increased by over 45% year-on-year. "This robust performance was driven by the group's core content licensing business whose revenues grew 28% year-on-year, and where the company strengthened its market presence by partnering with 22 new clients and launching 7 new Slingo games," company says. Chief Executive Mark Segal says: "Looking ahead, we are confident in our ability to maintain this momentum and meet our full-year targets." Read More
