Angler Gaming (ANGL) Q4 2024 earnings summary

Executive summary

• Revenues for Q4 2024 decreased 3.68% year-over-year to €9.36M, while EBIT rose 43.05% to €1.17M.

• Full-year 2024 revenues increased 3.03% to €40.11M, with EBIT up 37.71% to €5.67M.

• Net profit for Q4 2024 fell 41.09% to €132.8K, but full-year net profit rose 11.03% to €2.38M.

• Board proposes €1M dividend for 2024, resuming distributions after two years.

Financial highlights

• Q4 EBIT margin improved to 12.53% from 8.44% year-over-year.

• Q4 earnings per share were €0.0018, down from €0.0030; full-year EPS was €0.0317, up from €0.0285.

• Q4 available cashflow from operations was €1.38M, up from €1.15M in Q4 2023.

• Customer deposits for 2024 rose to €77.08M from €72.77M; active customers increased to 150,293 from 128,122.

Outlook and guidance

• Average daily revenue in Q1 2025 (to Feb 15) was 1% higher year-over-year and 16% higher than Q4 2024.

• Focus for 2025 is on revenue growth and profit margin improvement, with increased B2B sales and cost optimization.