18 August 2020
Gaming Realms plc
("Gaming Realms", the "Company" or the "Group")
Trading Update
Following on from the Group's trading update on 2 June 2020, the Company is pleased to announce that it has continued to trade ahead of market expectations. Revenues in H1 2020 (the "Period") were £5m (H1 2019: £3.1m) with adjusted EBITDA of approximately £1.2m (H1 2019: Loss of £0.1m).
The performance in the Period is a result of the expansion of our partners internationally and the release of new "Slingo" games, which have had increased take up by consumers.
Whilst the revenue growth in the Period was helped by the impact of COVID-19, trading during the 7 weeks following the Period end, which were post lockdown, have maintained similar levels seen during the Period.
As a result of this, the Board expects revenue and EBITDA for the full year to 31 December 2020 to be materially ahead of current market expectations.
The Board will be announcing its H1 2020 results on 8 September 2020.
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Gaming Realms plc Michael Buckley, Executive Chairman Mark Segal, CFO
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0845 123 3773 |
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Peel Hunt LLP - NOMAD and broker George Sellar Andrew Clark Will Bell
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020 7418 8900 |
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Yellow Jersey Charles Goodwin Annabel Atkins Georgia Colkin
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07747 788 221 07983 557 851 |
This announcement contains inside information within the meaning of the Market Abuse Regulation. The person responsible for arranging release of this announcement on behalf of Gaming Realms plc is Mark Segal, Chief Financial Officer.
About Gaming Realms
Gaming Realms creates and licenses innovative games for mobile, with operations in the UK, U.S. and Canada. Through its unique IP and brands, Gaming Realms is bringing together media, entertainment and gaming assets in new game formats. The Gaming Realms management team includes accomplished entrepreneurs and experienced executives from a wide range of leading gaming and media companies.
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