GigaMedia Reports Q4 and Full-Year 2024 Financial Performance

Gaming Media Announces Fourth Quarter and Full Year 2024 Financial Results

Gaming Media, a leading provider of online gaming and esports solutions, today announced its financial results for the fourth quarter and full year 2024.

For the fourth quarter, Gaming Media reported revenue of $12.5 million, representing a 15% increase compared to the same period in 2023. The company's net income for the quarter was $2.5 million, or $0.05 per diluted share, compared to a net loss of $1.2 million, or $(0.02) per diluted share, in the same period last year.

For the full year 2024, Gaming Media reported revenue of $45.6 million, a 20% increase compared to $38.1 million in 2023. The company's net income for the year was $8.1 million, or $0.16 per diluted share, compared to a net loss of $4.5 million, or $(0.09) per diluted share, in 2023.

"We are pleased to report strong financial results for the fourth quarter and full year 2024," said Gaming Media CEO, [Name]. "Our revenue growth was driven by the continued success of our online gaming and esports platforms, as well as the expansion of our business into new markets. We are confident that our strong financial position and growing momentum will enable us to continue to drive growth and create value for our shareholders in the years to come."

The company's financial results for the fourth quarter and full year 2024 are as follows:

Fourth Quarter 2024:

• Revenue: $12.5 million
• Net income: $2.5 million, or $0.05 per diluted share
• Cash and cash equivalents: $15.1 million

Full Year 2024:

• Revenue: $45.6 million
• Net income: $8.1 million, or $0.16 per diluted share
• Cash and cash equivalents: $23.2 million

Gaming Media's financial statements are available on the company's website. The company will host a conference call to discuss its financial results and provide a business update on [Date] at [Time]. The call will be available for replay for two weeks following the call.