Gentoo Media today announces its interim results for the first quarter of 2025.
The quarter marked a transitional phase for the company, impacted by market
headwinds in Brazil and a shift away from lower value activities, but also by
decisive steps to sharpen focus and strengthen long-term resilience. We expect
to see margins improve and a resumption of growth in H2 2025.

Q1 2025 Financial Highlights

  · Gentoo Media reported revenue of EUR 24.8 million (EUR 28.0 million), down
11% YoY predominantly due to the impact of market regulation in Brazil
  · EBITDA before special items amounted to EUR 8.2 million (EUR 13.5 million)
with a margin of 33% (48%)
  · Net cash flow impacted by deferred payments related to previous years
acquisitions and split related payments totalling EUR 22.5 million

Performance in Q1 primarily reflects regulatory disruption in Brazil and a
reduction in some low margin activities. Despite these headwinds, Gentoo Media
maintains a strong financial position, with robust recurring revenue and a cash
-generative operating model.

Post-Demerger Strategic initiatives
In the wake of the demerger from the Platform & Sportsbook business, Gentoo
Media launched a comprehensive strategic review. Completed shortly after the
quarter, the process has resulted in a more focused, agile, and resilient
business:

  · Streamlined operations: Lower-margin activities discontinued to enable full
focus on scalable and sustainable growth. Cost base resized with significant
annual run-rate savings.
  · Organisational capacity strengthened: Senior talent additions, including the
appointment of a new CFO, have bolstered leadership.
  · Strategic focus: Streamlining the organisation will eliminate
inefficiencies, remove duplication and ensure that resources are focused on the
highest-value areas of the business.

CEO Jonas Warrer comments: "Q1 was a quarter of change - and a necessary one. We
faced external pressures and made deliberate decisions to position Gentoo Media
for what's ahead. The result is a more focused company with a clear growth
strategy and the leadership in place to deliver it. We now move forward with
confidence, driven by our ambition to create long-term value for players,
partners, and shareholders alike."

Outlook
Gentoo Media enters Q2 with renewed momentum and strategic clarity. The business
has a strong platform to navigate market fluctuations and capitalise on emerging
opportunities across regulated iGaming markets. We are well-placed to resume
growth in the second half of the year and  we expect to see full-year revenues
broadly in line with 2024 and EBITDA margins in the range of 40-45%.

Investor presentation and webcast
Jonas Warrer, CEO, will host a presentation of the Q1 2025 results via
livestream at 10:00 CET. The presentation will be followed by a Q&A-session, and
investors, analysts and journalists are welcome to participate. The presentation
will be given in English.

Link to the livestream:
https://www.redeye.se/events/1092137/live-q-gentoo-media-3

For further information, contact:
Jason Holden, Director of Investor Relations, jason.holden@g2m.com, +44 7812 142
118
Jonas Warrer, CEO, jonas.warrer@g2m.com,  +45 3078 8450

This information is information that Gentoo Media Inc. is obliged to make public
pursuant to the EU Market Abuse Regulation. The information was submitted for
publication, through the agency of the contact person set out above, at 08:00
CET on 14th of May 2025.

About Gentoo Media
Gentoo Media is a market-leading affiliate connecting operators and players in
the online gambling and sports betting industry. Gentoo Media offers an array of
iGaming affiliate solutions, such as paid marketing expertise and quality
traffic through our prominent industry sites including AskGamblers, Time2Play,
CasinoTopsOnline, WSN and Casinomeister. Through its subsidiary Titan Inc. the
company also sells SEO and content services to online businesses. In 2024,
Gentoo Media (formerly GiG Media) became Gentoo Media Inc. following a legal
split separating the Media and Platform and Sportsbook business in Gaming
Innovation Group (GiG) into two independently listed companies. Gentoo Media
Inc. is dual listed on the Oslo Stock Exchange (ticker "G2MNO") and Nasdaq
Stockholm (ticker "G2M"). www.gentoomedia.com.