Gentoo Media (G2M) Q4 2024 earnings summary

Executive summary

• Completed strategic split and rebranding to Gentoo Media, enabling greater flexibility and strategic focus as a pure affiliate business.

• Achieved all-time high annual revenue of EUR 124.5 million and record EBITDA, driven by organic growth and successful acquisitions.

• Split from Platform & Sportsbook completed in September 2024, optimizing growth opportunities and financial flexibility.

• Core markets Europe and Americas grew 33% and 48% YoY in Q4, respectively.

• Focus remains on organic growth, strategic acquisitions, and capital allocation to maximize shareholder value.

Financial highlights

• Q4 2024 revenue was EUR 35.9 million, up 38% YoY (18% organic); full-year revenue EUR 124.5 million, up 41% YoY (17% organic).

• Q4 EBITDA before special items was EUR 14.3 million (40% margin); full-year EBITDA EUR 57.2 million (46% margin).

• Q4 EBIT was EUR 9.8 million (27% margin); full-year EBIT EUR 37.8 million (30% margin).

• Net profit from continuing operations in Q4 was EUR 7.8 million (22% margin); full year EUR 25.8 million (21% margin).

• Cash generated from operations in 2024 was EUR 52 million.

Outlook and guidance

• Double-digit organic revenue growth anticipated for 2025; more specific guidance to be provided in Q1 2025.

• Full revenue impact from media and martech platform investments expected in 2025.

• Ongoing M&A opportunities expected, with no slowdown in 2025.

• Market regulation in Brazil expected to pose short-term challenges, but long-term prospects remain positive.

• Delisting from Euronext Oslo Børs in progress; Nasdaq Stockholm listing maintained.