Gaming Realms (LON:GMR) Full Year 2023 Results
Main financial results
- Revenue: GBP 23.6 million (up 26% compared to 2022).
- Net profit: GBP 5.93 million (64% increase compared to 2022).
- Profit margin: 25% (up from 19% in FY22). The increase in margin was driven by an increase in revenue.
- EPS: GBP 0.02 (up from GBP 0.012 in financial year 2022).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Sales and profits in the gaming area exceed expectations
Sales exceeded analysts’ expectations by 1.7%. Earnings per share (EPS) also exceeded analyst expectations by 19%.
Looking ahead, revenues are expected to increase by an average of 12% per year over the next three years, compared to a growth forecast of 6.0% for the UK entertainment industry.
performance of British entertainment industry.
The company’s stock price has fallen 4.1% from a week ago.
evaluation
Following its latest earnings results, Gaming Realms may be undervalued based on six different valuation benchmarks we evaluate. Click here to access our detailed analysis and find out what the stock price outlook is.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodologies, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
