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Revenue growth fails to offset profit decline for GiG in Q2

14th August 2018 9:04 am GMT

Oslo-listed Gaming Innovation Group grew second quarter revenue by 39 per cent year-on-year to €36.9m, although higher marketing and operating expenses contributed a 14 per cent decline in EBITDA to €1.7m.

The B2B segment contributed the bulk of revenue at €15.6m, up 84 per cent year-on-year, with Media Services contributing record revenue of €8.7m, an increase of 99 per cent.

Gross profit for the second quarter climbed 39 per cent to €30.5m, while an 18 per cent [...]

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