- COMPANY RESULTS
Gentoo Media has revealed in its preliminary financial report for Q3 that it expects to earn €30.4 million in revenue as the affiliate continues to set new internal records.
The affiliate also announced that it is set for an EBITDA margin for the quarter between 46-48%. These results will mark Gentoo’s 15th successive quarter with all-time high revenues.
It also remains confident in its expected guidance for full-year 2024 results, with targets of revenue between €115 million and €125 million along with an EBITDA margin between 45-50%.
Gentoo anticipates a strong Q4, particularly with its casino-related activity along with revenue growth from other initiatives it launched throughout the year.
“We are pleased to deliver our 15th consecutive all-time high quarter, which reflects the strong foundation we've built over the past five years,” said Jonas Warrer, Gentoo Media CEO.
“Our deliberate strategy of focusing on sustainable growth through revenue sharing and a measured, disciplined approach has consistently paid off.”
The CEO reaffirmed the affiliate’s commitment to organic growth and diversity, which have proven resilient as Gentoo adapt to shifting market conditions. “We look forward to building on this momentum as we remain well-positioned to thrive in a dynamic market with a long-term vision of continued success."
While Mikael Harstad, Gentoo Media chairman, celebrated the fact the affiliate’s long-term strategy of steady and diversified growth has proven successful. “Despite market volatility, our disciplined revenue-sharing model continues to drive sustainable success. The results speak for themselves - our strategy is working, and we're confident it will keep giving us a competitive edge."
Gentoo Media will release its full Q3 financial report on 13 November. The affiliate also recently rebranded its compliance tool from GiG Comply to Sitebee.