Bildkälla: Stockfoto

Gaming Innovation Group Q3: Weaker-than-expected adjusting for the earn-out reversal - SEB

GIG reported normalised revenues of EUR 31.8m, in-line with our estimate (0.4% vs SEB 31.7m) but adj. EBIT of EUR 6.8m was weaker-than-expected (-9.5% vs SEB 7.5m). GIG also announced the proposed acquisition of KaFe Rocks late last night and communicated new guidance for the Media division. GIG expects revenue of EUR 125-135m in 2024, in-line with our estimate of EUR 127m (including EUR 23m from KaFe Rocks). Slightly weak report, we reiterate our mid-point of SEK 47.

GIG reported normalised revenues of EUR 31.8m, in-line with our estimate (0.4% vs SEB 31.7m) but adj. EBIT of EUR 6.8m was weaker-than-expected (-9.5% vs SEB 7.5m). GIG also announced the proposed acquisition of KaFe Rocks late last night and communicated new guidance for the Media division. GIG expects revenue of EUR 125-135m in 2024, in-line with our estimate of EUR 127m (including EUR 23m from KaFe Rocks). Slightly weak report, we reiterate our mid-point of SEK 47.
Börsvärldens nyhetsbrev
ANNONSER