Tag Archives: financials

Zynga’s cost cutting helps beat expectations

Social gaming company Zynga, once the darling of the sector and Wall Street, has beaten the market’s rather low expectations for its third quarter performance, but also announced the departure of its CFO David Lee. Revenue was US$196 million for the third quarter of 2015, a decrease of 2% compared to the second quarter of 2015 and an increase of …

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Mobile becomes Unibet’s single largest channel

Scandinavian operator Unibet has posted record gross winnings revenue for the third quarter of 2015, and the growth would have been even higher had it not been for an unfavourable exchange rate. Gross winnings revenue amounted to £86.1 million for the third quarter, up from £80.4 million for Q3 2014. However this was ‘significantly affected’ by the translation effect of …

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Online performance boosts Gala Coral’s quarter

Gala Coral has bucked a trend by announcing good trading figures for the group’s third quarter period, ending 4 July. Net Revenue of £305.0m was 6% ahead of last year, and EBITDA of £65.7m was up 8%, boosted by continued growth in Online and Gala Retail. The figures are despite the £7.2m extra costs of gaming machines caused by an …

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Kambi looking at real time analytics

Kristian Nylén, CEO of NASDAQ-listed sportsbook technology supplier Kambi, has said that his firm’s fourth quarter performance underlines the success of its business model. Revenue amounted to €9.3m for the fourth quarter of 2014, an increase of 52%, and €36.0m for the full year 2014, an increase of 70%. It also meant that the company edged into profit for both …

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NetEnt celebrating ‘another fantastic year’

NetEnt CEO Per Eriksson has hailed 2014 as ‘another fantastic year’ for the slots developer with revenues, operating profit, cash flow and proposed transfer to shareholders all reaching new record levels. The Swedish firm reported revenues for the fourth quarter has increased by 33.8% to SEK 241.1m, while revenues for the full year increased by 35.0% to SEK 851.7m. Operating …

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Second quarter revival for spread betting firm

Spread betting operator IG says its first half performance has recovered after a strong second quarter for the firm. A ‘very subdued first quarter’ had threatened to derail the group’s progress, but it managed to post an 8% increase in net trading revenue to £197.4m and a slight 2.8% rise in profit before tax to £101.4m. Chief executive Tim Howkins …

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France-Pari on a roll for three consecutive quarters

French operator France-Pari has announced that it has made a profit for three consecutive quarters. During the third quarter 2014, the company’s revenues grew up to €4.1 million compared to €3.2 million for the same period in 2013. Company EBITDA for the quarter amounted to €115,000 and net income to €70,000. Cumulative revenues for the first three quarters of 2014 …

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Point of consumption tax will hit Rank’s performance

Rank Group, owner of the Grosvenor casino and Mecca bingo brands, has announced a 13% increase in ‘continuing business revenues’ for the 12 months to 30 June 2014, with retail growth considerably outstripping its digital performance. Revenues increased 15% for its venues, while the digital channel achieved 2% growth. The fastest growing channel of distribution continues to be mobile where …

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GTECH sports betting boosted by World Cup

InCrowd

GTECH’s sports betting operations in Italy grew by 26.6% in the last quarter, which the firm has attributed to the FIFA World Cup, the introduction of virtual betting in the country and a stable payout percentage. Sports Betting saw revenues grow to €40.1m in Q2 from €31.7m for the same period in 2013, with turnover also jumping 22.9% to €218m. …

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Customer-friendly results hit William Hill’s bottom line

William Hill has announced a 26% drop in profits after tax to £98.6m for the first half of the year, although net revenue over the period increased by 7% to £805.2m. Group operating profit was 2 per cent lower at £176.9m, which the bookmaker said reflected the impact of more customer-friendly results year on year, particularly in the first quarter. …

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