London-listed Gaming Realms expects to post a 23 per cent increase in revenue to a record £23 million for 2023.
The company said in a pre-close trading update on Monday that the strong year-on-year growth was driven by content licensing, with growth across all major markets helping to drive a 28 per cent rise in adjusted EBITDA to around £10.0 million.
Gaming Realms went live with a further 44 partners across all markets during the year, and also secured approval to go live in West Virginia and Greece in the coming months.
“I am delighted to report on the exceptional year Gaming Realms has experienced,” said Gaming Realms CEO Mark Segal. “Our growth in FY23, with a 23 per cent increase in revenue and a 28 per cent rise in adjusted EBITDA, underscores the strength and appeal of our gaming content in the global market.
“The expansion into new territories and the addition of 44 new partners demonstrates our commitment to broadening our reach and enhancing player experiences.
“As we look ahead, we remain focused on delivering engaging content and expanding our footprint in key markets, ensuring that Gaming Realms continues to be a leader in the mobile gaming industry. We look forward to the future and the current year’s performance with confidence.”
Shares in Gaming Realms plc (AIM:GMR) were trading 2.40 per cent lower at 36.60 pence per share in London Monday morning.