Gaming Realms Anticipates Significant Revenue Growth in 2023
LISTEN TO THIS ARTICLE:Gaming Realms is projecting a notable increase in revenue and adjusted EBITDA for the financial year 2023, following its expansion in various global markets.
According to its latest trading update, the company anticipates its 2023 revenue to reach approximately £23 million. This figure represents a 23% increase compared to the previous year. Furthermore, the expected rise in EBITDA is forecasted to be at least £10 million, marking a 28% increase from 2022. Gaming Realms attributes these projected growth figures to its successful content licensing strategy and reports growth across all its major markets.
Expanding Global Presence
In 2023, Gaming Realms expanded its global footprint by partnering with 44 new entities worldwide. Key developments included acquiring an iGaming license in West Virginia, its seventh state in the US online gambling market, and securing another in Greece, with launches planned in these markets in the coming months. Additionally, the company continued its collaboration with high-profile entertainment brands, launching ‘Slingo’ titles inspired by classic video games like Space Invaders and Tetris in the fourth quarter.
CEO’s Optimistic Outlook
Mark Segal, CEO of Gaming Realms, expressed his delight over the company’s performance in 2023.
I am delighted to report on the exceptional year Gaming Realms has experienced. Our growth in FY23, with a 23% increase in revenue and a 28% rise in adjusted EBITDA, underscores the strength and appeal of our gaming content in the global market. The expansion into new territories and the addition of 44 new partners demonstrates our commitment to broadening our reach and enhancing player experiences. As we look ahead, we remain focused on delivering engaging content and expanding our footprint in key markets, ensuring that Gaming Realms continues to be a leader in the mobile gaming industry. We look forward to the future and the current year’s performance with confidence.
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