Gaming Realms PLC
LSE:GMR

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Gaming Realms PLC Logo
Gaming Realms PLC
LSE:GMR
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Price: 42 GBX 0.96% Market Closed
Market Cap: 122.7m GBX

Gaming Realms PLC
Investor Relations

Gaming Realms Plc engages in the provision and marketing of interactive casino services. The firm is a developer, publisher and licensor of mobile games, and is building a portfolio of gaming content and brands. The firm operates through two segments: Licensing and Social Publishing. Its Licensing segment includes brand and content licensing to partners in Europe and the United States. Its Social Publishing segment is engaged in providing freemium games to the United States. The firm is the creator of Slingo, bingo, slots and other casual games. The firm uses its remote game server (RGS) platform to build and engage global audiences that are expanded even further via strategic lottery, media, and platform partnerships. The firm has a portfolio of approximately 44 games hosted on its RGS platform. The firm's subsidiaries include Blastworks Limited, Alchemybet Limited, Blastworks Inc., Backstage Technologies, Inc., and others.

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Last Earnings Call
Fiscal Period
Q2 2023
Call Date
Oct 5, 2023
AI Summary
Q2 2023

Strong Revenue Growth: Gaming Realms delivered record first-half revenue of GBP 11.5 million, up 36% year-on-year, with growth seen across all key markets.

Profitability: EBITDA reached GBP 4.8 million, a 36% increase, with a high margin of over 40%, demonstrating strong operational leverage.

Geographic Expansion: The company expanded in core and new regulated markets, including launches in Portugal and Canada, and has applications pending in additional jurisdictions like British Columbia, South Africa, and Greece.

US and International Momentum: North American revenue grew 37%, while the rest of the world grew 38%. The business continues to see post-period growth of 20%.

Content Pipeline: Over 70 games and more than 150 operator partnerships underpin continued growth, with new game launches and market entries planned.

Cash Generation and Dividends: The board will consider dividends after year-end, balancing growth investments with potential shareholder returns.

Operator Retention: Operator retention remains near 100%, supported by strong game performance and a performance-based revenue model.

Key Financials
Revenue
GBP 11.5 million
EBITDA
GBP 4.8 million
Adjusted EBITDA Margin
over 40%
Profit Before Tax
GBP 2.4 million
North America Revenue Growth
up 37%
Rest of World Revenue Growth
up 38%
Post-Period Revenue Growth
up 20%
Cash Balance
up 54% on year-end position
Earnings Call Recording
Other Earnings Calls
2023

Management

Mr. Michael Buckley
Co-Founder & Executive Chairman
No Bio Available
Mr. Mark Kevin Segal
CEO, Secretary & Director
No Bio Available
Geoffrey Robert Green
CFO & Director
No Bio Available

Contacts

Address
London
2 Valentine Place
Contacts
+448451233773.0
www.gamingrealms.com