Gaming Innovation Group has achieved all-time high revenues of €31.1m in Q2, an increase of 40 per cent year-on-year.

Gaming Innovation Group

Adjusted EBITDA was €14m, up 68 per cent, with the margin increasing by 45 per cent.

GiG added that revenues in GiG Media hit a record high of €21.7m in Q2, climbing 47 per cent.

Revenues for Platform & Sportsbook were €9.3m, an increase of 27 per cent, with an adjusted EBITDA of €3.7m, the margin rising to 39.7 per cent. And profit before tax amounted to €6.6m, an increase of 197 per cent year-on-year.

Richard Brown, CEO of GiG, said: “The second quarter of 2023 has proven another step forward for GiG with the business reaching another all-time high in revenues.

“We now look into the second half of the year with total focus on ensuring strong growth mechanics, continued operational improvement and long-term scalability for GiG.”