4th Feb 2025 15:45
(Alliance News) - Gaming Realms PLC on Tuesday said it expects to report double-digit sales and earnings increases for the full year, supported by growth across all major markets.
In response, shares in Gaming Realms were 4.8% higher at 37.00 pence in London on Tuesday afternoon.
The London-based mobile betting games developer expects revenue of around GBP28.5 million in the year to December 31, up 22% from GBP23.4 million a year prior.
It projects adjusted earnings before interest, tax, depreciation and amortisation of GBP13 million, up 30% from a year ago, and in line with market expectations.
The company explained the strong performance was driven primarily by content licensing, supported by growth across all major markets.
During 2024, 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, the firm added, with ongoing demand for the Slingo portfolio. The company remains focused on continued product innovation to drive future growth with its partners and new market launches, it said.
Chief Executive Mark Segal said: "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."
Gaming Realms expects to announce its 2024 results during the week commencing March 31.
By Jeremy Cutler, Alliance News reporter
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