All the big guns in iGaming have been posting their Q4 and Year End reports this month and honestly, it's been a sea of underwhelm. Having a poor quarter is one thing, it happens to everyone, but having multiple poor quarters in a row and having the tools at hand to fix the cause is another kettle of fish altogether.
The culprit for the continually downward turning charts? Sweden. The utopia of Europe! Unfortunately, when it comes to iGaming, everyone is quoting the same reasons for their struggles. Issues like:
• Declining player value
• Increasing costs
Are causing results like:
• Gross profit margin decreases
• General poor performance of the market as the main cause of Y-O-Y decline.
And the wild thing is, most of these companies have the ability to turn this ship around. Most of them are being crippled by costs- tax, game suppliers and payment providers all taking their cut. So why do they still continue to choose the suppliers who are happily watching them fail?
Do you remember our case study, where this company in Sweden cut their payment costs in half, resulting in a 163% increase in company EBITDA? With minimal disruption, maintained conversion and a wonderful, new cooperation? Be like them. Get in touch! There is still time to save your Q2 report.
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