Gaming Innovation Group First Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

Gaming Innovation Group (OB:GIG) First Quarter 2024 Results

Key Financial Results

• Revenue: €28.0m (down 14% from 1Q 2023).
• Net income: €9.85m (up 144% from 1Q 2023).
• Profit margin: 35% (up from 12% in 1Q 2023). The increase in margin was driven by lower expenses.
• EPS: €0.076 (up from €0.032 in 1Q 2023).

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

Gaming Innovation Group Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Hospitality industry in Europe.

Performance of the market in Norway.

The company's shares are down 8.3% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Gaming Innovation Group has 1 warning sign we think you should be aware of.

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