Currency ImpactThe Mexican peso devalued by 14% in Q4 2024, reducing net gaming revenue by €3.4 million, with FX pressure expected to persist.
ProfitabilityAEBITDA was €1.8M, below the consensus forecast of €2.3M, as higher marketing and platform investments weighed on profitability.
Regulatory RisksColombia imposed a 19% tax on online deposits, effective through 2025, posing a risk of black-market growth.