Record quarter for Gentoo Media, revenue up 38%

February 18, 2025

Record quarter for Gentoo Media, revenue up 38%

Gentoo Media, an iGaming affiliate group, has reported a record high revenue for the fourth quarter, marking the 16th consecutive quarter of growth. The company has registered revenue of EUR 35.9 million, up 38 percent year-over-year.

For the financial year, the company reported a revenue of EUR 124.5 million, an increase of 41 percent from the corresponding year. Full year earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR 56.6 million, representing a margin of 45 percent. The EBITDA is excluding split-related costs. EBITDA for the quarter hit EUR 9.8 million, with a margin of 27 percent. This high margin suggests that the company has maintained healthy profitability, allowing it to reinvest in its business and create value for shareholders.

The company also reported that the value of its deposits for the quarter reached EUR 200 million, a 27 percent increase from the same period in 2023. Whereas the full-year deposits totaled EUR 767 million.

Jonas Warrer, CEO of Gentoo Media: “I am pleased to present our fourth quarter report for 2024, marking the 16th consecutive period of all-time high revenue for Gentoo Media. This sustained growth demonstrates the strength of our strategy and commitment to delivering long-term value to our shareholders.”

Mikael Harstad, Chairman of the Board at Gentoo Media, “Gentoo Media has established itself as a major player in a global industry but still only has a small market share, presenting substantial growth opportunities. Management and the board are excited about the road ahead, further positioning the company as an industry leader in 2025 and beyond.”

Gentoo’s strategic split

In September 2024, Gentoo Media underwent a strategic split, distributing its Platform & Sportsbook division to shareholders. This move has allowed the company to focus on its affiliate business model. The rebranding included a fresh visual identity, with a new logo and company name (formerly GiG Media), while maintaining the core values and personnel that have driven the company’s success.

The improved cash flow from operations, thanks to the split, will allow for better capital allocation, and the company expects to see stronger returns for its investors.

In November, Gentoo Media has strengthened its commitment to responsible iGaming by adding two new websites, Newcasinos.com/sv and Newcasinos.com/de, to its portfolio. Both sites have been certified by the Quality Mark Responsible Affiliates (QMRA), an international compliance standard established to uphold ethical affiliate marketing in iGaming.

Gentoo Media has embraced the QMRA certification as an integral part of its corporate strategy to foster responsible iGaming practices. Launched in February 2024, QMRA was designed to help affiliate marketers in iGaming sectors across various jurisdictions adhere to responsible advertising standards.

The programme emerged as an international extension of the Dutch Keurmerk Verantwoorde Affiliates (KVA), originally set up to promote ethical standards within the Netherlands’ iGaming affiliate sector. By integrating QMRA-certified sites into its portfolio, Gentoo aligns itself with a growing international movement that prioritises consumer protection and ethical advertising in iGaming.