Gaming Innovation Group reported Q3 2024 revenue of €7.4 million, down 21% year on year, in its first financial results since separating from Gentoo Media. Adjusted EBITDA was a €1.1 million loss, while the company forecast 2025 revenue of at least €44 million and EBITDA of at least €10 million.
Investors and B2B customers can weigh GiG’s lower Q3 revenue and EBITDA loss against its 2025 outlook.
Quarter ended 30 June 2026
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Gentoo Media reported first-quarter revenue of EUR24 million, down from EUR25.4 million a year earlier, and said it had decided to close its Norwich division. The closure affected 41 employees, with 15 offered roles elsewhere in the group, and resulted in a EUR2.6 million non-cash impairment charge.
Gentoo Media reported Q1 2025 revenue of €24.8m, down 11% from €28.0m a year earlier, and a fall in EBITDA margin from 48% to 33%. The company reported a €2.7m loss, compared with €9.7m profit in Q1 2024, and said it expects full-year revenue broadly in line with 2024 and an EBITDA margin of 40%-45%.
Gentoo Media reported full-year 2024 revenue of €124.5m, up 41%, and EBITDA before special items of €57.2m, up 45%. The company said its split from Gaming Innovation Group’s Platform & Sportsbook operations was completed in September, leaving it focused on affiliate activities. Gentoo also reported Q4 revenue of €35.9m, up 38% year on year.
Gentoo Media reported Q3 2024 revenue of €30.4m, up 35% year on year, including 12% organic growth. Adjusted EBITDA rose 48% to €14.6m, while special items linked to its September separation from Gaming Innovation Group were capped at €600,000. Gentoo maintained 2024 revenue guidance of €125m-€135m and an EBITDA margin of 45%-50%.
The Juroszek family has increased its stake in Gentoo Media from 26.8% to 59.3% through a €100m refinancing package. Two family-owned entities bought €50m of equity through a share issue, with a further €50m provided as a loan; Gentoo Media chief executive Jonas Warrer said the completed refinancing would enable full repayment of bonds due in December.
The Juroszek family has gained majority control of Gentoo Media following a €100m debt refinancing, according to the source. The family's holding rose from 26.8% to 59.3%.