Gaming Realms shares slide on UK weakness
By Iain Gilbert
Date: Monday 08 Sep 2025
(Sharecast News) - Shares in mobile gaming content group Gaming Realms headed south early on Monday despite posting double-digit growth in both revenue and earnings for the first half, as UK staking limits weighed on weighed on its domestic performance.
Gaming Realms posted an 18% rise in total revenue to £16.0m for the six months ended 30 June, driven by international licensing gains, while adjusted underlying earnings jumped 30% to £7.5m, lifting margins to 47% from 43% a year earlier. Pre-tax profits rose 19% to £4.2m.
However, Gaming Realms also pointed to weakness in the UK market, where content licensing revenues fell 13% in H1 and 21% in Q2, following the introduction of new staking limits in April. The AIM-listed company said the regulatory changes had disrupted player engagement with its Slingo titles, though it also noted that recent innovations had helped moderate the decline to 16% in July and 9% in August.
Ex-UK licensing revenue, which now accounts for 71% of total revenues, rose 18%, with the US up 22%, while brand licensing revenues surged 623% to £2.4m, reflecting the completion of a major deal during the period.
Gaming Realms also highlighted that it had expanded its footprint in regulated markets, launching content in Brazil, British Columbia and Delaware, and signing 19 new operator partnerships globally. It added that post-period trading had shown a 2% licensing revenue increase despite currency headwinds.
CEO Mark Segal said: "The group has delivered a strong first half, with revenue increasing 18% and Adjusted EBITDA up 30%, reflecting the success of our strategy to expand internationally through licensing.
"With further launches scheduled in additional regulated jurisdictions and a robust pipeline of new Slingo and third-party titles, we remain well-positioned to deliver continued growth and enhance shareholder value in the second half of the year and beyond."
As of 1055 BST, Gaming Realms shares had slumped 12.17% to 44.27p.
Reporting by Iain Gilbert at Sharecast.com
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