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Gaming Realms PLC - Trading Update

RNS Number : 3751W
Gaming Realms PLC
18 August 2020
 

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.

 

Gaming Realms plc 

Michael Buckley, Executive Chairman

Mark Segal, CFO

 

0845 123 3773

 


Peel Hunt LLP - NOMAD and broker 

George Sellar

Andrew Clark

Will Bell

 

020 7418 8900

Yellow Jersey 

Charles Goodwin

Annabel Atkins

Georgia Colkin

 

 

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 UKU.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.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Price: 22.4

Market: AIM
Market Cap: £63.71 m
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