REG - Gaming Realms PLC - FY24 Pre-Close Trading Update

Gaming RealmsAnnouncement

04/02/2025 07:15

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RNS Number : 7210V  Gaming Realms PLC  04 February 2025

4 February 2025

 

Gaming Realms Plc

 

("Gaming Realms", the "Company" or the "Group")

 

 

FY24 Pre-Close Trading Update

 

Another record year: 22% Revenue Growth and 30% adjusted EBITDA* Increase

 

Gaming Realms plc (AIM: GMR), the developer and licensor of mobile focused
gaming content, is pleased to announce its pre-close trading update for the
full year to 31 December 2024 ("FY24").

 

The Company anticipates reporting FY24 revenue of approximately £28.5
million, up 22% against the prior year, and adjusted EBITDA* of £13m, up 30%
against FY23 and in line with market expectations.

This strong performance was driven primarily by content licensing, supported
by growth across all major markets. During FY24, Gaming Realms launched its
Slingo portfolio with 44 new partners globally and successfully introduced its
games in West Virginia, the Company's fifth US iGaming market. Gaming Realms'
content is currently active in 20 regulated markets.

Early trading in 2025 has been encouraging, with ongoing demand for the Slingo
portfolio. The Company remains focused on continued product innovation to
drive future growth with our partners and new market launches.

 

The Company is also pleased to announce the renewal of the licensing agreement
with Scientific Games for the Slingo brand, continuing the partnership for
five more years. This renewal brings Slingo-branded retail and digital games
to lotteries in Australia, Canada, Europe, New Zealand and the US.

 

Gaming Realms expects to announce its FY24 Preliminary Results during the week
commencing 31 March 2025.

 

Mark Segal, Chief Executive of Gaming Realms, commented: "We are delighted to
announce these strong results for FY24, which underline the continued appeal
of our Slingo portfolio and other unique gaming content. Our success in
entering new regulated markets, coupled with the addition of multiple new
partners, has fuelled significant growth. We look forward to building on this
momentum in 2025 as we broaden our market reach and further expand our
innovative content portfolio."

 

*EBITDA before share-based payments and adjusting items

 

 Gaming Realms plc                       0845 123 3773
 Michael Buckley, Executive Chairman

 Mark Segal, CEO

 Geoff Green, CFO
 Peel Hunt LLP - NOMAD and joint broker   020 7418 8900
 George Sellar

 Lalit Bose
 Investec - Joint broker                  020 7597 4000
 Ben Farrow

 Lydia Zychowska

 Yellow Jersey PR                         07747 788 221

 Charles Goodwin

 Annabelle Wills

 Bessie Elliot

 

About Gaming Realms

Gaming Realms creates and licenses innovative games for mobile, with
operations in the UK, U.S., Canada and Malta. Through its unique IP and
brands, Gaming Realms is bringing together media, entertainment and gaming
assets in new game formats. As the creator of a variety of SlingoTM, bingo,
slots and other games, we use our proprietary data platform to build and
engage global audiences. The Gaming Realms management team includes
accomplished entrepreneurs and experienced executives from a wide range of
leading gaming and media companies.

 

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