Bildkälla: Stockfoto

Gaming Innovation Group Q4: Platform & Sportsbook weaker than expected - SEB

GIG reported normalised sales EUR 35.6m (1.5% vs SEB 35.1m and -0.1% vs cons 35.6m), with an adj. EBITDA of EUR 13.8m, 9% below us mainly driven by higher costs for the platform division. GIG Media reported 20% organic growth and underlying EBITDA margin of 47% and was broadly in-line with our estimates. Platform & Sportsbook was the negative read and we see some negative revisions on consensus EBITDA of -5-10% for that division going forward.

GIG reported normalised sales EUR 35.6m (1.5% vs SEB 35.1m and -0.1% vs cons 35.6m), with an adj. EBITDA of EUR 13.8m, 9% below us mainly driven by higher costs for the platform division. GIG Media reported 20% organic growth and underlying EBITDA margin of 47% and was broadly in-line with our estimates. Platform & Sportsbook was the negative read and we see some negative revisions on consensus EBITDA of -5-10% for that division going forward.
Börsvärldens nyhetsbrev
ANNONSER