Gaming Realms shares boosted as it beats forecast

AIM-listed mobile software firm Gaming Realms (LON:GMR) has seen its share price surge upwards by 10.59% to 37.60p (as of 14:20 GMT) after it reported record revenues for December 2020. As a consequence, full year revenue and adjusted EBITDA guidance for 2020 will be ahead of previous guidance.

Chairman Michael Buckley commented: “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“.