Gaming Realms PLC (AIM:GMR, OTCQX:PSDMF) said its performance in 2023 was “exceptional”, with revenue and earnings continuing to grow at double digits, in line with expectations.
Reflecting strong content licensing, including 44 new partners across the group's markets, and seven licences in North America, revenue came in at roughly £23 million for the calendar year, an increase of 23% compared to last time.
The pre-close trading update from the mobile-focused gaming specialist also revealed that adjusted earnings (EBITDA) is expected to be no less than £10 million, which would represent 28% growth year-on-year.
Chief executive Mark Segal said this level of growth “underscores the strength and appeal of our gaming content in the global market”.
There was £7.5 million of net cash on the balance sheet at the end of December, it said ahead of a full results announcement scheduled for the start of April.
Following further geographic expansion into West Virginia's igaming market and Greece in the past year, the company said it expects to launch in both these markets in the coming months.
The fourth quarter saw launches of Slingo Space Invaders and Tetris Slingo, while a collaboration with bookmaker Paddy Power saw the launch of Slingo Bingoton, which was said to be the best new launch on the Paddy Power Bingo platform across the whole year.
"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,” said Segal. “We look forward to the future and the current year's performance with confidence."