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Gaming Innovation Group Q2: Solid report, GIG media reaching new ATHs - SEB

Gaming Innovation Group reported another solid quarter with GIG media leading the way with another ATH in FTDs, reaching 79,400 up 70% y/y. Normalised revenues grew 37% y/y, of which 24% organic. Platform services returned to growth with 1% organic growth in the quarter y/y (12% adjusted for loss of premium fees from Betsson). GIG looks poised to capitalise on the upcoming World Cup and we believe in a strong finish to 2022.

Gaming Innovation Group reported another solid quarter with GIG media leading the way with another ATH in FTDs, reaching 79,400 up 70% y/y. Normalised revenues grew 37% y/y, of which 24% organic. Platform services returned to growth with 1% organic growth in the quarter y/y (12% adjusted for loss of premium fees from Betsson). GIG looks poised to capitalise on the upcoming World Cup and we believe in a strong finish to 2022.
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