Blockchain Press Releases
Gaming Innovation Group reports Q2 2023
ST. JULIAN’S, Malta, Aug. 16, 2023 /PRNewswire/ — Gaming Innovation Group Inc. (GiG) reports Q2 2023 revenues* of €31.1 million and an adjusted EBITDA of €14.0 million.
“The second quarter of 2023 has proven another step forward for GiG with the business reaching another all-time high in revenues. We now look into the second half of the year with total focus on ensuring strong growth mechanics, continued operational improvement and long-term scalability for GiG,” says Richard Brown, CEO of GiG.
Financial Highlights
- Gaming Innovation Group achieved all-time high revenues* in Q2 2023 amounting to €31.1m (22.1), an increase of 40% YoY, whereof 22% organic
- Adjusted EBITDA was €14.0m (8.3), up 68%, adjusted EBITDA margin* increased to 45.0% (37.5%) an all-time high and strong progress towards financial target goal of 50%
- EBIT was €6.6m (2.4), an increase of 173% YoY, with an EBIT margin* of 21.1% (10.8%)
- Revenues in GiG Media at all-time high of €21.7m (14.8), an increase of 47% (20% organic), with an adjusted EBITDA of €10.3 (7.0)
- Revenues* for Platform & Sportsbook were €9.3m (7.3), an increase of 27%, all organic, with adjusted EBITDA of €3.7m (1.3), adjusted EBITDA margin* increased to 39.7% (17.2%)
- Profit before tax was €6.6m (2.2), an increase of 197% YoY
- EPS was €0.05 (0.01)
- Positive cash flow from operations of €9.1m (9.5))
Operational Highlights
- FTDs for GiG Media ended at 109,400 (79,400), up 38% YoY
- Ask Gamblers continued positive momentum with revenues in July up 45% from run rate at take over
- Signed final agreement with Palasino, powering the online entry of Trans World Hotels & Entertainment retail business through Palasino.com
- Platform & Sportsbook awarded licenses in Pennsylvania and Maryland, US and the new gambling software provider license in Sweden
- Successful launch and completion of migration of all GiG legacy Sportsbook clients to Sportnco solution
- Launched two new brands and signed three new agreements for Platform & Sportsbook in the quarter
- Awarded Full-service Platform Provider and Multi-channel Supplier of the year at the 2023 EGR B2B award
Events after Q2
- Signed one new agreement and three HOTs for Platform & Sportsbook
- Five additional brands have gone live so far in Q3 2023, including new market entries in Serbia and further expansion into Latin America, number of live brands is 65 as of today
- GiG’s platform and sportsbook live in the U.S. state of Maryland
- Appointed Richard Carter as new Platform & Sportsbook CEO and Jonas Warrer as CEO for GiG Media
- July has developed positively, and revenues are up 30% compared to the same period last year, whereof 10% organic growth
*Revenues are adjusted for revenues from a platform client where GiG recognizes the full operations in its profit and loss statement, which are partly offset by related cost of sales and site overheads. See Note 2 in the Q2-2023 Interim Report for more details.
Investor presentation and webcast
CEO Richard Brown will present the Q2 2023 results via livestream at 10:00 CET. The presentation will be followed by a Q&A-session, and investors, analysts and journalists are welcome to participate. The presentation will be given in English.
Link to the livestream:
https://www.redeye.se/events/928869/liveq-gaming-innovation-group
For further information, contact:
Richard Brown, CEO of GiG, [email protected] +34 661 599 025
Tore Formo, Group CFO, [email protected] +47 91668678
This information is information that Gaming Innovation Group Inc. (GiG) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 16 August 2023.
About Gaming Innovation Group (GiG)
Gaming Innovation Group is a leading iGaming technology company, providing solutions, products and services to iGaming Operators. Founded in 2012, Gaming Innovation Group’s vision is ‘To be the industry leading platform, sportsbook and media provider delivering world class solutions to our iGaming partners and their customers. GiG’s mission is to drive sustainable growth and profitability of our partners through product innovation, scalable technology and quality of service. Gaming Innovation Group operates out of Malta and is dual-listed on the Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under the ticker symbol GIGSEK. www.gig.com
Legal disclaimer
Gaming Innovation Group Inc. gives forecasts. Certain statements in the report are forward-looking and the actual outcomes may be materially different. In addition to the factors discussed, other factors could have an impact on actual outcomes. Such factors include developments for customers, competitors, the impact of economic and market conditions, national and international legislation and regulations, fiscal regulations, the effectiveness of copyright for computer systems, technological developments, fluctuation in exchange rates, interest rates and political risks.
The following files are available for download:
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GiG_Q2_2023 |
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https://mb.cision.com/Public/15972/3818380/bbd1d05d349759aa.pdf |
GiG Q2 2023 presentation |
View original content:https://www.prnewswire.co.uk/news-releases/gaming-innovation-group-reports-q2-2023-301902059.html
DUBAI, UAE, Dec. 9, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has further enhanced the digital payment experience for Bybit Card holders. Starting now, users in Brazil can now add their Bybit Card to their Apple Pay and make secure payments in seconds using Apple Pay’s built-in safeguards.
Since its launch in Sep. 2024, the Bybit Card recorded a 342% growth in user base in Brazil in less than a quarter. With among the highest crypto adoption rates in the world, Brazil is home to a vibrant crypto economy with growing demands for mature crypto on and off-ramp solutions.
Combining Bybit’s advanced crypto offerings and rewards, the Mastercard network’s global connectivity, and now Apple Pay’s added layers of safety and privacy standards, the Bybit Card offers a seamless and borderless crypto payment experience for Brazilian users, enabling contactless payments purchases in-store, in-app and online across Apple devices.
To set up the Bybit Card on Apple Pay, users may simply add the card to their personal Apple Wallet and access the crypto payment convenience wherever they are with their mobile devices.
The Apple Pay integration allows Bybit Card users to pay with and purchase crypto, bridging mainstream cryptocurrencies with over dozens of fiat currencies at competitive rates. This secure and convenient option incorporates the use of Apple’s Face ID, Touch ID, or passcodes alongside dynamic security codes for authentication. Valued for its safety, Apple Pay works through unique Device Account Numbers encrypted and stored in a Secure Element chip, keeping card details private and safe.
Loaded with regular cashback, flash rewards and other benefits, the Bybit Card offers a competitive option for crypto payment for everyday spendings:
- Zero fees for card issuance and delivery
- Zero annual or hidden fees
- 2-10% cashback in USDT, BTC and ETH on eligible purchases
- Up to 8% APY
- Instant virtual and physical card for immediate access to funds
The welcome offer for Bybit Card remains available for users in Brazil: Deposit 100 USDT, Unlock 150 BRL!
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Photo – https://mma.prnewswire.com/media/2576298/Bybit_Card_Now_Available_Apple_Pay_Brazil.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bybit-card-now-available-on-apple-pay-in-brazil-302326227.html
DUBAI, UAE, Dec. 9, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has unlocked new perks for users in a rewarding year-end campaign. From now to Jan. 4, 2025, Bybit users may be entitled to cashback benefits by making a deposit using BCB, ZEN or BLIK on Bybit Fiat Deposit or One-Click Buy.
Offering eligible users 5 USDT in coupons, the event takes two simple steps: sign up for the event and make a deposit using BCB, ZEN or BLIK:
- New User Exclusive: Eligible users may make a first-time deposit valued at $100 or more via Bybit Fiat Deposit or One-Click Buy using any of the three channels to qualify.
- Existing User Perk: To qualify, current users must register for the event and deposit an equivalent to $500 via one of the three channels.
The coupons are distributed on a first come, first serve basis. Restrictions apply.
“The diversification of tools and access in the crypto ecosystem benefits our users and fosters healthy competition. We are committed to improving the quality and the ease of access to crypto across the industry, while crafting a rewarding experience for our users who log in daily to look after their digital assets,” said Joan Han, Sales and Marketing Director at Bybit.
Crypto adoption has been growing at a record high rate in the recent rally as more and more investors normalize diversification with digital assets. Bybit is constantly expanding its offerings and on and off-ramp experience, integrating reliable payment solutions to meet users’ diverse demands for user experiences and competitive spreads.
With Fiat Deposits and a variety of crypto trading products and services, Bybit helps plug the gap between fiat currencies and crypto investments for users with its intuitive platform, high security standards, and rewards all year round.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Photo – https://mma.prnewswire.com/media/2576328/Bybit.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bybit-unveils-exclusive-rewards-for-crypto-deposits-via-bcb-zen-or-blik-302326213.html
DUBAI, UAE, Dec. 9, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has brought the Bybit Card to Apple Pay for users in Argentina. Starting now, the Bybit Card can be added to Apple Pay profiles for card holders in Argentina and used across their Apple devices.
A registered virtual asset service provider and card operator in Argentina, Bybit’s Argentinian entity commenced its rapid expansion in the second largest economy in South America in Apr. 2024. Offering a wide array of services for users, Bybit has been adding new features and benefits to the growing Bybit Card community in Argentina. The Card was adopted by the majority of Bybit users in Argentina within the first two months of the virtual card launch, with more embracing its full range of capabilities on Google Pay, Apple Pay, and the physical card.
Leveraging Apple Pay’s advanced security and privacy enhancing features, the new Bybit Card function makes contactless and instant crypto payment a frictionless experience whether they are purchasing online or in-store. Trusted for its safety guardrails, Apple Pay incorporates state-of-the-art verification and authentication solutions including dynamic encryption and biometrics linked to user profiles. The increasing availability of contactless payment options also makes it a convenient choice for daily purchases.
Setting up the Bybit Card in Apple Pay takes just a few minutes, and paying takes seconds, simplifying transactions seamlessly across iPhone, iPad, and Mac. Bybit Card users in Argentina now get to spend in style with Mastercard’s global network, Bybit’s diverse crypto offerings, and now the added layer of accessibility and security brought by Apple Pay.
Reinventing the crypto experience in all aspects of users’ digital asset journey, Bybit is committed to curating a rewarding experience for Bybit Card holders in Argentina:
- Zero fees for card issuance and delivery
- Zero annual or hidden fees
- 2-10% cashback in USDT, BTC and ETH on eligible purchases
- Up to 8% APY
- Instant virtual and physical card for immediate access to funds
Application for the physical card is open for Bybit Card Argentina and applicants may be eligible for the Argentina-exclusive welcome offer until Dec. 31, 2024.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Photo – https://mma.prnewswire.com/media/2576286/Bybit_Card.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/apple-pay-supported-bybit-card-argentina-elevates-payment-experience-302326177.html
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