US EditionGentoo Media suffers Q1 losses due to Brazilian gambling regulations
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Gentoo Media suffers Q1 losses due to Brazilian gambling regulations
Gentoo Media reported €24.8 million in revenue for Q1 2025, marking an 11% decrease from €28.0 million in Q1 2024. This led to a net loss of €2.7 million, a significant downturn from a €9.7 million profit in Q1 2024. Earnings before interest, taxes, depreciation, and amortization (EBITDA) before special items fell to €8.2 million, down from €13.5 million the previous year, reducing the EBITDA margin from 48% to 33%. The sharp drop came as Brazi…
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