The share price of Gaming Realms (AIM: GMR) continued its winning run with a promising pre-close trading update.
As a developer and licensor of mobile focused gaming content it has performed well in the current environment – expecting revenues of £11.2m and a healthy EBITDA of £3.1m for the 2020 financial year.
In particularly, momentum is increasing in its content licensing business which grew by more than 100 percent during the course of the 2020 financial year while its strategic play in the US also appears to be paying dividends.
Full year results are due on 19 April 2021.
Commenting on the performance was chairman Michael Buckley who suggested there was plenty of growth left to come:
“We are delighted with last year’s performance, which illustrates both the popularity of our games and our ability to licence multiple different partners. At the same time, we have taken a significant step forward to becoming a global platform business with multiple games, all of which is testament to our talented and motivated team. The combination of our excellent games portfolio, our existing distribution agreements with global partners and our strong pipeline of new partnerships, makes us optimistic about the significant opportunities ahead as we focus on our continued expansion and international growth.”
The share price of Gaming Realms is currently at 35.4p and has soared by over 330 percent over a one year period.