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Gaming Innovation Group Q1: Close to expectation, progressing well on strategic agenda - SEB

Normalised revenue was EUR 15.4m (SEBE 15.0m) and EBITDA EUR 4.6m (SEBE 4.9m). Company reports that April showed 35% growth y/y, which is higher than our estimate for full Q2. Overall reported numbers relatively close to expectation, Media Services was strongest performer, solid deal momentum and integration pipeline in Platform Services remain. We expect that with supportive trading update there is upside to full year estimates.

Normalised revenue was EUR 15.4m (SEBE 15.0m) and EBITDA EUR 4.6m (SEBE 4.9m). Company reports that April showed 35% growth y/y, which is higher than our estimate for full Q2. Overall reported numbers relatively close to expectation, Media Services was strongest performer, solid deal momentum and integration pipeline in Platform Services remain. We expect that with supportive trading update there is upside to full year estimates.
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