Increased player activity sees Unibet hit record performance

Swedish listed Unibet Group, posted a record quarter performance as the operator doubled its net profits to £16.5 million (Q3 2013 – £8.2 million). The operator noted that its positive performance had been driven by high levels of player activity witnessed during the period.

Unibet Group witnessed a 25% increase of £80.4 million in Gross Win revenues. The operator was able to record gains in all performance indicators during the Q3 period (see performance table below), posting a positive EBITDA of £21.7 million (Q3 2013 – £14.1 million)

Company operating cash flow in working capital amounted to £ 21.8 million (Q3 2013 -14.2 million) for Q3 2014 and £59.6 million (2013 interim -£43.4 million) for the expanded period of January to September 2014.

During the period the Swedish operator had recorded its highest rate of active customers, reporting active player numbers of 573,000 (up 25% on Q3 2013 – 453,000).

Unibet senior management confirmed that increase player  activity had been aided by major sporting events such as the FIFA 2014 World Cup and an improved player offerings on Unibet product verticals. Unibet further underlined that it now offered more live streaming sports betting events to its customers than ever before.

Unibet will continue to focus on optimising its player experience and engagement throughout its gaming verticals, the operator pointed out to new ‘native’ products such as Spin City which it had launched for its mobile casino.

In its Q3 performance statement, Unibet confirmed that it would continue to invest in its native poker vertical, which has established popular European live event – The Unibet Open.

Commenting on corporate performance, Unibet Chief Executive Officer Henrik Tjärnström

“Despite absorbing a 45 per cent increase in betting duties, Unibet delivered a 54 % growth in EBITDA compared with last year which shows the scalability of our business model. Unibet’s focus on re-regulated markets demonstrates that it is possible, with sustainable market conditions, to drive efficiency and increased profitability while reducing overall corporate risk.”

Unibet Q3 2014 Performance Overview