Telematic Interactive Bulgaria AD continues its strong financial performance, reporting accelerated revenue growth in 2024 compared to the previous year. According to the company’s consolidated financial report for the fourth quarter of 2024, published on its website and via the Bulgarian Stock Exchange (BSE), the favorable market environment has played a key role in sustaining double-digit revenue growth. The company benefits from the increasing share of online gaming over land-based operations, as well as broader macroeconomic trends, including declining inflation and rising household incomes, which contribute to greater consumer spending.
Revenue growth exceeded 16% in the final quarter of 2024, reinforcing the company’s upward trajectory. Telematic Interactive reported a consolidated net profit of nearly BGN 18.6 million for the year, allowing it to maintain its established dividend policy. Shareholders will receive an interim dividend from the company’s first-half earnings, which is set to be voted on at an extraordinary general meeting scheduled for March 24, 2025, in Sofia.
The company recorded total consolidated revenues of BGN 133.7 million by the end of 2024, marking a 13% year-over-year increase from BGN 118.4 million in the previous year. The casino gaming segment remains the primary revenue driver, generating BGN 117.5 million in 2024, an increase of 10.5% compared to the prior year. The strongest growth was observed in the sports betting segment, which saw a 61.5% year-over-year rise, reaching BGN 10.5 million, driven by major sporting events such as the UEFA European Football Championship and the launch of the company’s new sports betting platform, offering enhanced functionalities. Revenue from gaming content distribution, referring to Telematic Interactive’s proprietary games licensed to third-party operators in international markets, grew by 3% on a consolidated basis, reaching BGN 5.5 million. The increasing share of in-house gaming content within the company’s online casino platform has also contributed to lower external content costs.
The company has continued to expand its customer base and increase revenue per user. Monthly active users reached 96,334 in 2024, marking a 9% increase compared to the previous year. The average revenue per active user grew by over 4%, reaching BGN 111 in 2024, up from BGN 106 in 2023.
Telematic Interactive remains a key contributor to Bulgaria’s economy, with the company paying BGN 26 million in state licensing fees for its online gaming operations in 2024, a 14% increase from the previous year. The company has also strengthened its commitment to workforce development, with personnel expenses rising by more than 50% year-over-year to BGN 14.5 million, reflecting ongoing investments in salaries, benefits, and professional training programs.
Alongside dividends, Telematic Interactive continues to generate value for its shareholders, with its stock price increasing by nearly 70% over the past year. As a result, the company’s market capitalization now stands at BGN 292.3 million. It remains focused on technological innovation and market expansion, with ongoing efforts to modernize its platform, enhance the live casino streaming experience, and improve customer engagement through AI-powered solutions, including the Bet Buddy digital assistant.
In 2024, the company distributed over BGN 2 per share in dividends across multiple payments, reinforcing its strong dividend policy and commitment to shareholder returns. The combination of capital appreciation and consistent dividend payouts continues to attract new investors, positioning Telematic Interactive to meet the criteria for inclusion in SOFIX, the main index of the Bulgarian Stock Exchange, later this year.
Source: Investor.bg
