NYX profits rise by nearly 200% in Q1

The company took in Can$58.9m (US$43.8m) compared to Can$16.8m in the prior-year period.

Adjusted EBITDA came to Can$16.8m, an increase of 250% year-on-year from Can$4.7m.

NYX attributed the results to the acquisitions of OpenBet and Betdigital in May 2016, as well as increased revenues from existing customers and new customer launches.

Matt Davey, Chief Executive of NYX, said: “With our new operating model in place, we’re pleased to report growth in revenue and adjusted EBITDA.

“Our customer development pipeline remains strong, and we are focused on profitable growth through our product led strategy with targeted R&D investment in sportsbook, gaming, and content technologies.”

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Josh Fisher

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Josh Fisher is an experienced journalist and editorial leader who contributed to Gambling Insider as a guest writer, providing industry-focused news coverage and insight for the publication. His work for Gambling Insider included reporting on marketing strategy and brand development within the online casino sector, such as Mansion’s high-profile TV and marketing campaign for Casino.com.

Joshua has since built a distinguished career in B2B media and currently serves as Editor in Chief at Endeavor Business Media, where he oversees editorial direction, content strategy and publication quality across a diverse portfolio.

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