Gentoo Media Inc. publishes 2024 Annual Report

Gentoo Media Inc. (G2M) today announces the publication of its 2024 Annual Report. The report is available in both PDF format and European Single Electronic Format (ESEF), and is accompanied by the company’s 2024 Sustainability Report, including the EU taxonomy disclosures. All documents can be accessed via the company’s website at gentoomedia.com/reports-presentations/.

For the full year 2024, Gentoo Media reported total revenue of EUR 123 million, representing a 39% increase year-over-year. EBITDA before special items reached EUR 57 million, corresponding to an EBITDA margin of 46% and an annual growth of 44%. Cash flow from operating activities totalled EUR 33 million.

CEO Jonas Warrer comments:

“Our 2024 results reflect Gentoo Media’s strategic commitment to sustainable growth and operational excellence. Across our global operations, we continue to deliver high-quality leads and trusted compliance solutions, empowering our partners to succeed in a dynamic iGaming landscape.”

As part of the 2024 year-end close process, management has reassessed internal accounting policies and procedures. In alignment with IFRS 5, Gentoo Media has restated its condensed consolidated financial statements to reflect the split between Media (continuing operations) and Platform & Sportsbook (discontinued operations).

The restatement includes reclassifications and certain provisions made after the Q4 2024 Interim Report. Additionally, adjustments have been made to reported revenue, representing a downward correction of approximately 1.5% of total revenue, due to revised accounting treatment of acquisition-related items. The reclassification between continuing and discontinued operations has also led to an increase of EUR 2 million in cash flow from operating activities.