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Gaming Innovation Group Q3: Another quarter of strong growth, organic growth of 24% - SEB

Gaming Innovation Group reported sales of EUR 22.9m, -1.1% vs SEB 23.2m. Earnings were slightly weaker than expected, EBITDA was EUR 8m, which was 3% below our estimates. The platform segment grew q/q and posted positive organic growth of 3%, with brands on the platform increasing by 19% y/y. GIG media continues to post record numbers for revenue and FTDs: revenue was EUR 15.1m and FTDs was 86k.

Gaming Innovation Group reported sales of EUR 22.9m, -1.1% vs SEB 23.2m. Earnings were slightly weaker than expected, EBITDA was EUR 8m, which was 3% below our estimates. The platform segment grew q/q and posted positive organic growth of 3%, with brands on the platform increasing by 19% y/y. GIG media continues to post record numbers for revenue and FTDs: revenue was EUR 15.1m and FTDs was 86k.
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