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Gaming Innovation Group Q1/22: Positive momentum continues for the media segment - SEB

Reported EBITDA came in at EUR 6.5m which was 3% better than consenus driven by the media segment, which showed both continued strong growth and improved margins. The company recently announced a multi-product deal as a result of the acquisition of SportnCo, with a client in the Angolan regulated market. Following the report we could see consensus EBITDA coming up mid-single-digits for FY 2022E.

Reported EBITDA came in at EUR 6.5m which was 3% better than consenus driven by the media segment, which showed both continued strong growth and improved margins. The company recently announced a multi-product deal as a result of the acquisition of SportnCo, with a client in the Angolan regulated market. Following the report we could see consensus EBITDA coming up mid-single-digits for FY 2022E.
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