Gaming Realms is expecting a significant increase in revenue and adjusted EBITDA for its 2023 financial year, following growth in all markets. The company anticipates revenue to reach £23.0m, a 23% increase from the previous year. Additionally, adjusted EBITDA is forecasted to be no less than £10.0m, marking a 28% rise from 2022.
The company attributes this growth to its performance in content licensing and reported expansion across all major markets. In 2023, Gaming Realms partnered with 44 new partners worldwide and obtained igaming licenses in West Virginia and Greece.
The company also collaborated with well-known entertainment brands, launching ‘Slingo’ titles based on classic video games Space Invaders and Tetris. CEO Mark Segal expressed his satisfaction with the company’s performance, emphasizing the commitment to expansion into new markets and the addition of new partners as essential factors in the company’s success.
Looking ahead, Gaming Realms aims to continue delivering engaging content and expanding its presence in key markets. The company is confident about its performance in the current year and plans to report its 2023 results during the week commencing April 1st.