Ted Menmuir

Gambling.com outperforms market-&-corporate expectations to elevate 2024 landing

SBC News Gambling.com outperforms market-&-corporate expectations to elevate 2024 landing

Gambling.com has once again raised its full-year 2024 guidance, reinforcing confidence in meeting its commercial and operational targets. The upgrade follows record-breaking Q3 results, with the Nasdaq-listed iGaming media group posting $32m in revenue, a 37% increase from the $23.5m in Q3 2023. During the quarter, Gambling.com’s media network delivered over 116,000 new depositing customers (NDCs) to clients, a 35% …

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Raketech dire Q3 as performance tumbles on all media activities

SBC News Raketech dire Q3 as performance tumbles on all media activities

Raketech Plc trades cautiously as challenging conditions continue to impact the performance of its affiliate network and media partnerships. In its Q3 report, Raketech disclosed a 39% drop in corporate revenues to €12.9m, compared to €21.5m in Q3 2023. Trading during the period showed performance declines across all core business segments, with affiliate revenues decreasing to €6.8m (Q3 2023: €9.5m). …

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GiG bulks up commercial pipeline as 2024 reset is complete

Gaming Innovation Group (GiG)

Gaming Innovation Group (GiG) has identified multiple opportunities to enhance its commercial pipeline as a stand-alone iGaming technology supplier. The statement leads GiG to publish its first quarterly results following its split from the media business of Gentoo, completed on 1 October 2024. Publishing new accounts on the Nasdaq First North Premier Growth Market of Stockholm, under the new ticker …

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Better Collective takes first actions of €50m cost reduction programme

SBC News Better Collective takes first actions of €50m cost reduction programme

Better Collective A/S has commenced a €50m cost reduction programme to “streamline operations and align its investment base with market dynamics”. In October, the Stockholm- and Copenhagen-listed media group notified markets of a forthcoming streamline as  year guidance for 2024 was downgraded to a revenue range of €355m to €375m, from its previous target of over €395m. Revised targets saw …

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BetHog launched by FanDuel duo to unlock crypto utilities for igaming

SBC News BetHog launched by FanDuel duo to unlock crypto utilities for igaming

Nigel Eccles and Rob Jones, the former co-founders of FanDuel DFS, have re-teamed to launch a new crypto sportsbook and casino, BetHog. The venture is backed by $6 million in funding led by Web3 VC fund 6th Man Ventures (6MV), featuring the participation of iGaming figureheads Chris Grove of Eilers & Krejcik and Josh Hannah, the founder of the Flutter.com …

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GMGI tops $100m revenues on MeridianBet efficiencies

SBC News GMGI tops $100m revenues on MeridianBet efficiencies

Golden Matrix Group (GMGI) has surpassed $100 million in corporate revenues for the year, underscoring its successful integration of MeridianBet. Publishing its Q3 trading statement, the Nasdaq-listed global online gambling group registered consolidated revenues of $41 million (+85%). For the year-to-date, GMGI revenues increased to $105 million, driven by the continued growth of MeridianBet and GMGI tech services. As detailed, …

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Flutter elevates International guidance ahead of Brazil and Italia expansions

SBC News Flutter elevates International guidance ahead of Brazil and Italia expansions

Flutter Entertainment has raised its 2024 guidance by 1%, despite notifying markets of unfavourable Q4 sports results impacting its US FanDuel business. The NYSE-LSE gambling group published its Q3 accounts, describing it as an ‘excellent period’ in which Flutter brands achieved a 16% increase in Average Monthly Players (AMPs) to 12.9m and corporate revenues of $3.2bn—up 27% from 2023 comparatives …

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Genius Sports strong Q3 secures path to NYSE profitability

SBC News Genius Sports strong Q3 secures path to NYSE profitability

Genius Sports reaffirms that it will generate positive cash flow in 2024, achieving a corporate objective from its NYSE IPO. The statement follows Genius Sports’ Q3 trading results, which exceeded corporate expectations, with revenues at $120m—18% higher than 2023’s comparative of $101m and above the expected guidance of $119m. Further positives include Q3 net income of $12.5n, along with adjusted …

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