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It's a record for Unibet

The

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success of UEFA Euro 2016 propelled Unibet to increase its gross winnings revenue by 59% year-on-year to a record £249m for the first six months of 2016.

EBITDA climbed 46% to £48.7m, profit before tax rose 43% to £37.9m and profit after tax also ascended 43%, going up to £33.5m.

For the second quarter, the operator’s gross winnings revenue total also set a record, moving from £156.6m to £249m.

Unibet Group CEO Henrik Tjärnström said: "The quarter was characterised by the Euro 2016 which provided a new all-time high in customer activity and continued strong growth. Margins in the tournament were significantly higher in July than in June. If the margins had been consistent across the tournament, then gross winnings revenue for the second quarter would have been around £3m higher.

“In the period from 1 to 24 July 2016, average daily gross winnings revenue in GBP has more than doubled compared to the same period in 2015. Adjusting for the unusually high margin on the final stages of the Euros, the impact of exchange rate changes and acquisitions, the organic constant currency growth is close to 50 per cent.”

Unibet’s number of active customers was 1.1 million at the end of the quarter, up from 603,528, with 216,515 of those total customers being from iGame Group and Stan James Online, two businesses Unibet acquired last year.
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