Playmaker Capital reports $0.7m operating loss for Q2

Playmaker Capital has recorded a 133% top-line increase for Q2, generating $7m in second quarter revenue.

playmaker q2 2022 gambling insider web image

Playmaker Capital has recorded a 133% top-line increase for Q2, generating $7m in second quarter revenue.

This constitutes a $4m rise year-on-year, though this wasn’t enough to offset an operating loss of $0.7m. The company’s operating income dipped into the red on a year-on-year basis, falling from a positive $0.4m.

Meanwhile, on a pro forma basis – including all acquisitions to date – Playmaker recorded a similar performance. Playmaker’s pro forma revenue was $7.4m, a 10% increase when compared to Q2 of last year.

Pro forma adjusted EBITDA, however, decreased year-on-year, falling by 14% from $2.2m to $1.9m. Again, a similar trend is visible is when Playmaker’s half-year results are taken into account.

For H1, the company’s pro forma revenue rose by 17%, climbing from $12.2m to $14.3m, while pro forma adjusted EBITDA experienced a 4% drop, going from $3.7m to $3.6m.

Cash and cash equivalents, meanwhile, stood at $2.5m for Q2, down from $5.1m year-on-year.

Playmaker’s operational results are much more favourable. The company achieved record engagement metrics during Q2, reaching a monthly high of more than 95 million users and generating 674 million sessions in the quarter.

“Q2 was a very productive quarter for us as we continued to invest in the foundation of our business, integrating recently acquired companies, and developing operational efficiencies and centres of excellence,” said Jordan Gnat, Playmaker CEO.

He added: “I have stated on many occasions that we will not profit at the expense of growth and not grow at the expense of profit.

“This is the disciplined approach we started with and, as demonstrated, we continue to focus on this balance.”

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
 
 
Premium Connections
The Global Gaming Awards are the most trusted and prestigious Awards in the gaming industry, recognising and rewarding the strongest performers across the previous 12 months.
25 Sep 2022

Global Gaming Awards Las Vegas 2022: Full Shortlist revealed

Gambling Insider and Gaming America are delighted to share the Shortlist for the 2022 Global Gaming Awards Las Vegas.

Life after M&A

Pariplay CCO Enrico Bradamante speaks to the GI Huddle about...

Global Gaming Awards Asia 2022: Winners revealed

The winners of the inaugural Global Gaming Awards Asia have...

Coming to America

Interblock Global CEO John Connelly speaks to Gambling Insid...

The supplier story so far

Gambling Insider speaks with leading executives from Relax G...

Read Magazine