contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


gentoo-media-top-line-challenges-remain-abg

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Gentoo Media operates in the IT sector. Today, the company provides cloud-based services as well as system and marketing services to the iGaming industry, which includes online casinos and online odds. Technical development is based on proprietary platforms, and the company owns and manages a number of B2C gaming products. The company previously went by the name Gaming Innovation Group. The head office is located in Malta.

Gentoo Media

* Top-line pressure persisting, better cost control* We cut '25e-'27e adj. EBITDA by 17-16% on 11-15% lower sales* Trading below peers at 5.6x '25e EV/EBITDATop-line pressure continues, better...

* Top-line pressure persisting, better cost control* We cut '25e-'27e adj. EBITDA by 17-16% on 11-15% lower sales* Trading below peers at 5.6x '25e EV/EBITDATop-line pressure continues, better on opex controlWe note that Q2 is, if anything, a soft seasonal quarter, but we did believe Q1 was extraordinarily weak temporarily, which is why Q2 was estimated to improve. On the positive side, looking ahead, FTDs recovered strongly driven by Paid, which we believe is supported by the q-o-q marketing increase. This should support top-line improvements ahead assuming they were sent on rev-share contracts, with a slight lag. Also, we saw positive comments regarding the Google update, which supports our view of gradual publishing improvements. The Q2 sales decline of 19% y-o-y came in the face of tough comps from the Euros and Copa América, while the Brazil headwinds are not annualised until 2026. We expect small gradual y-o-y improvements in H2 on the aforementioned factors, and '26e to return to black figures, supported by annualised comps and better market tailwinds from sports events. On costs, G2M was in line with our estimates, but we note that personnel expenses and other opex were lower, while higher marketing offset. Assuming a more normalised marketing-to-sales ratio, we expect a strong margin recovery in H2, followed by positive operating leverage in '26e with a lower fixed cost base and a return to top-line growth.Significant downgrades on lower top lineWe adjust '25e in line with the updated guidance, for cuts of 11-17% on sales and adj. EBITDA, respectively, arguing that the updated guidance appears fair. In '26e, we lower our top-line growth by 4pp on more cautious assumptions, but we cut opex more than in '25e due to the demonstrated cost control, for cuts of 14-16% on sales and adj. EBITDA.Trading at 5.6-3.6x '25e-'26e EV/EBITDAGentoo is trading at 5.6x '25e EV/EBITDA, significantly below Betco and Gambling.com at 7.5x FactSet consensus '25e EV/EBITDA on average.