Gentoo Media’s Revenue Exceeded €30 Million in Q3

Another Strong Quarter for Gentoo Media

Gentoo Media’s Q3 revenue reached €30.4 million, with an EBITDA margin in the 46-48% range. Confident in its full-year outlook, the company anticipates 2024 revenue between €125-135 million and an EBITDA margin of 45-50%.

Gentoo’s success stems from its sustainable growth strategy focused on revenue sharing and disciplined management practices.

Despite market fluctuations, Gentoo’s revenue-sharing model drives stable success, giving it a competitive edge. The company forecasts a strong fourth quarter, with casino revenue growth and gains from initiatives launched earlier in the year. Seasonality, especially in the casino segment, is expected to significantly influence Q4 results.

Jonas Warrer, CEO of Gentoo Media, comments on the Gentoo Q3 financial results: “We are pleased to deliver our 15th consecutive all-time high quarter, which reflects the strong foundation we’ve built over the past five years. Our deliberate strategy of focusing on sustainable growth through revenue sharing and a measured, disciplined approach has consistently paid off. Our commitment to organic growth and diversity has proven resilient as we adapt to shifting market conditions. We look forward to building on this momentum as we remain well-positioned to thrive in a dynamic market with a long-term vision of continued success.”

“Our long-term strategy of steady, diversified growth has proven successful as we celebrate another record-breaking quarter. Despite market volatility, our disciplined revenue-sharing model continues to drive sustainable success. The results speak for themselves – our strategy is working, and we’re confident it will keep giving us a competitive edge,” adds Mikael Harstad, Chairman of Gentoo Media.

The full Q3 2024 financial report is set for release on November 13, 2024.

On June 18, 2024, Gaming Innovation Group (GiG) announced the rebranding of GiG Media to Gentoo Media, as part of a planned company split in Q3 2024.

The U.S. Affiliate Market Landscape

Despite Gentoo Media’s recent successes, the U.S. affiliate market faces significant challenges. Industry leaders like Catena Media and Better Collective are grappling with these headwinds.

Catena Media recently laid off 29 employees in North America, approximately 10% of its workforce in the region, as the company shifts its focus to product development and revenue diversification.

Meanwhile, Better Collective revised its 2024 revenue and EBITDA forecasts downward, citing lower-than-expected partner engagement in the U.S. market.

XLMedia has exited the market altogether, selling its remaining assets to Sportradar, citing a lack of financial viability for continued operations in North America.

The U.S. affiliate market is increasingly competitive, with numerous companies vying for player attention and lead generation opportunities. A consolidation trend is also evident, as larger players acquire smaller firms, while others exit due to performance pressures.

With more players accessing online gambling via mobile devices, affiliate firms must adapt their marketing strategies to capitalize on this shift.