Gaming Realms Full Year 2023 Earnings: Beats Expectations

Gaming Realms (LON:GMR) Full Year 2023 Results

Key Financial Results

• Revenue: UK£23.6m (up 26% from FY 2022).
• Net income: UK£5.93m (up 64% from FY 2022).
• Profit margin: 25% (up from 19% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: UK£0.02 (up from UK£0.012 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Gaming Realms Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Entertainment industry in the United Kingdom.

Performance of the British Entertainment industry.

The company's shares are down 4.1% from a week ago.

Valuation

Following the latest earnings results, Gaming Realms may be undervalued based on 6 different valuation benchmarks we assess. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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