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Gaming Innovation Group

Gaming Innovation Group

GIG: Gaming Innovation Group reports Q1 2024

08:00 / 7 May 2024 Gaming Innovation Group Press release

Highlights

· Reported revenues (GiG Media) at all-time high of Euro 28.0m (18.4), an
increase
of 52% (21% organic), with an EBITDA of Euro 13.5 (8.0)
· The group, including Platform & Sportsbook achieved all-time high revenues
amounting to Euro 36.2m (28.4), an increase of 28% YoY
· FTDs for GiG Media were 125,100 (110.800), up 13% YoY
· AskGamblers continued positive momentum, with record traffic, players
generated, revenue and EBITDA
· Platform & Sportsbook signed eight new agreements and HoTs in Q1-24, and ten
brands went live so far in 2024
· Existing customers on the platform add up to a total of 67 brands, with an
additional integration pipeline of 18 brands as of today
· The business is operationally ready for the strategic split of Media and
Platform & Sportsbook. The split is expected by Q3 2024, pending approvals

Investor presentation and webcast

Chairman of the Board, Petter Nylander will host a presentation of the Q1 2024
results via livestream at 10:00 CET with Jonas Warrer, CEO Media and group CEO,
and Richard Carter, CEO Platform & Sportsbook, attending. The presentation will
be followed by a Q&A-session, and investors, analysts and journalists are
welcome to participate. The presentation will be given in English.

Link to the livestream:
https://www.redeye.se/events/995042/live-q-gaming-innovation-group-8

For further information, contact:
Jonas Warrer, CEO of GiG, jonas.warrer@gig.com, +45 30788450
Richard Carter, CEO Platform & Sportsbook, Richard.carter@gig.com, +44 968753750
Tore Formo, Group CFO, tore@gig.com +47 91668678

This information is information that Gaming Innovation Group Inc. (GiG) is
obliged to make public pursuant to the EU Market Abuse Regulation. The
information was submitted for publication, through the agency of the contact
person set out above, at 08:00 CET on 7 May 2024.

About Gaming Innovation Group (GiG)
Gaming Innovation Group is a leading iGaming technology company, providing
solutions, products and services to iGaming Operators. Founded in 2012, Gaming
Innovation Group's vision is 'To be the industry leading platform, sportsbook
and media provider delivering world class solutions to our iGaming partners and
their customers. GiG's mission is to drive sustainable growth and profitability
of our partners through product innovation, scalable technology and quality of
service. Gaming Innovation Group operates out of Malta and is dual-listed on the
Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under
the ticker symbol GIGSEK. www.gig.com

Legal disclaimer
Gaming Innovation Group Inc. gives forecasts. Certain statements in the report
are forward-looking and the actual outcomes may be materially different. In
addition to the factors discussed, other factors could have an impact on actual
outcomes. Such factors include developments for customers, competitors, the
impact of economic and market conditions, national and international legislation
and regulations, fiscal regulations, the effectiveness of copyright for computer
systems, technological developments, fluctuation in exchange rates, interest
rates and political risks.
Oslo Børs

This information was distributed by Oslo Børs https://www.oslobors.no/