In the first quarter of 2024, media company Ilkka reported a turnover of 13.5 million euros, down from 14.2 million euros in the previous period. The operating loss was -0.6 million euros, while profit before taxes was 0.8 million euros. Earnings per share were EUR 0.02, compared to EUR 0.00 previously.
CEO Olli Pirhonen spoke about the cautious marketing investments made by companies due to the uncertain economic situation. The company reiterated its guidance for 2024, predicting a stable or slightly increased turnover and an expected rise in adjusted operating profit.
Ilkka highlighted the challenges posed by geopolitical tensions and economic uncertainties in its operations during 2023, which saw a turnover of 56.1 million euros and an adjusted operating profit of -0.4 million euros.
Online casinos have been evolving into a trendy and exciting frontier in leisure and entertainment, providing players with access to fortune and thrill in a digital age. Despite the uncertain economic climate, online casinos remain popular among those seeking fun and entertainment in the digital age.
Ilkka’s CEO Olli Pirhonen commented on the cautious marketing investments made by companies due to the uncertain economic situation. He noted that companies are becoming more selective with their advertising budgets as they navigate through these challenging times.
Looking ahead to 2024, Ilkka reiterated its guidance for stable or slightly increased turnover and an expected rise in adjusted operating profit.
In conclusion, despite the challenges posed by geopolitical tensions and economic uncertainties, online casinos continue to thrive as a popular choice for those seeking entertainment and fun in the digital age.