Gentoo Media’s Q4 2024 results showcase impressive growth, with revenue reaching €35.9m. The company’s transition to a purely affiliate-driven model appears to be paying off in the iGaming sector.
Key Takeaways:
- Q4 2024 revenue hit €35.9m, up 38% year-on-year
- Full-year revenue totaled €124.5m, a 41% increase from 2023
- Affiliate-focused business model shows strong performance post-restructuring
Record-Breaking Q4 Performance
Gentoo Media reported a stellar fourth quarter for 2024, with revenue soaring to €35.9m ($37.5m). This represents a significant 38% year-on-year increase, building on the momentum from Q3 2024, which saw a 35% revenue rise to €30.4m.
The company’s EBITDA before special items reached €14.3m, reflecting a robust 40% margin. EBIT stood at €9.8m with a 27% margin, indicating strong operational efficiency.
Full-Year Results and Deposit Growth
For the full year 2024, Gentoo Media’s revenue climbed to €124.5m, marking a 41% increase from the previous year. The company’s EBITDA for 2024 was €56.6m, translating to an impressive 45% margin.
Total deposits for 2024 grew by 27% to €767m, underlining Gentoo’s expanding footprint in high-value affiliate markets within the online gambling industry.
Successful Transition to Affiliate-Focused Model
Following its separation from the platform and sportsbook division on 30 September 2024, Gentoo Media completed its transformation into a purely affiliate-driven operation. This strategic shift has already shown positive results, with Q3 2024 reporting 12% organic revenue growth and a 48% EBITDA margin post-restructuring.
The company’s leadership expressed confidence that this refined focus will support long-term revenue growth and profitability in 2025, particularly in the competitive iGaming affiliate landscape.
Strategic Moves and Future Outlook
Earlier in 2024, Gentoo extended its agreement with Betsson Group to provide GiG Comply compliance solutions, strengthening its regulatory and brand protection framework in the online gambling sector.
The company also secured a €25m revolving credit facility with Citibank Europe, enhancing its ability to pursue targeted acquisitions and maintain steady expansion into high-growth markets within the iGaming affiliate space.
Sustained Growth Trajectory
Gentoo’s Q3 2024 results had already reflected the early benefits of its restructuring, with revenue of €30.4m, up 35% from the previous year. The company’s strategic shift to affiliate marketing has enabled strong deposit growth and stable profitability, positioning it for continued expansion in 2025 and beyond.
With a full-year EBITDA margin of 45% and an increasing presence in key markets, Gentoo Media remains focused on leveraging its affiliate-driven model to sustain long-term financial growth in the competitive online gambling industry.
