Announcing its results for the six months to June 30, Gaming Realms said that it would be deferring its asset purchase payment to RealNetworks until December.
Originally scheduled to be made by August 10, the final US$4m payment has been increased to $4.5m and rescheduled for December 10.
In H1, Gaming Realms saw revenue increase to £15.7m, up from £14.9m in the first half of 2016. Earnings (adjusted EBITDA) improved from a loss of £3.6m in H1 2016 to just £0.9m in the first six months of this year.
In a statement, Gaming Realms said: “With the H1 2017 adjusted EBITDA loss significantly reduced to £0.9m, the board remains confident in its strategy and is on track to achieve the board's expectations for the year as a whole.
“The board anticipates the company will achieve significant positive EBITDA in the second half of the financial year with increased revenues, seasonal marketing costs reduced and a full period of benefits from the integration of the social business.”
