Angler Gaming's fourth quarter of 2024 presents a mixed financial picture, with a 3.68% decrease in revenues to €9,360,652 compared to the same period last year. However, the company has demonstrated impressive operational efficiency, with EBIT rising by a remarkable 43.05% to €1,172,949, resulting in an improved EBIT margin of 12.53%.

Despite the revenue dip, the company's strategic direction appears promising. The net profit did experience a decline of 41.09% to €132,838, attributed in part to a one-off cost of €359,019 for updating the accounting model for jackpot contributions in its subsidiary, Premier Gaming Ltd. This move suggests a long-term commitment to financial transparency and accuracy.

Premier Gaming Ltd, although only contributing 4.17% to the Group's revenues, is a key player in Angler Gaming's Northern European strategy. The ongoing marketing investments in Swedish brands like ProntoCasino.se and ProntoSport.se are expected to yield long-term benefits, with an increase in active customers and customer lifetime, despite current low value per user.

The repayment of short-term borrowing is progressing well, reducing the Group's debt burden significantly. With only €100,000 remaining, down from €1,000,000, Angler Gaming is positioning itself for future financial stability.

Looking forward, the trading update for Q1 2025 is optimistic, with average daily revenue up by 1% compared to the same quarter last year and 16% higher than Q4 2024. This indicates a positive start to the new year.

Marlin Media Ltd, the Group's affiliate marketing arm, has shown strong growth in organic search presence, with click-through traffic up by 241% and search impressions by 120%. This reinforces the Group's strategic focus on expanding its B2B business.

Given these developments, Angler Gaming's strategic initiatives and operational improvements make it a compelling hold for investors. The company's commitment to shareholder value, as evidenced by the proposed €1,000,000 dividend for 2024, further underscores its positive outlook.