Unibet delivers “all-time high” Q3 performance

By Tom Lewis
Unibet Group has reported record performance for the third quarter of 2016, with gross winnings revenue reaching a high of £142.3m, a year-on-year rise of 65%.

Underlying EBITDA for the three months to the end of September was £33.9m, an increase of 73% over the same period in 2015.

The group also reported profit before tax of £24.8m, attributing “strong performance across all brands” in part to its retention of customers gained during Euro 2016.

The number of active customers climbed to just over 1m during the quarter, a significant increase on the 671,635 recorded during Q3 2015.

Unibet’s strong Q3 results have driven successful year-to-date performance, posting overall gross winnings revenue of £391.3m, representing year-on-year growth of 61%.

Henrik Tjärnström, Unibet Group CEO, said: “Strong performance across all brands and successful acquisitions deliver 65% increase in gross winnings revenue (42% in constant currency, of which 27% is pure organic growth).

“Of the group’s gross winnings revenue 33% was from locally regulated markets.

“Gross winnings revenue from the mobile channel more than doubled in GBP and accounted for 64% of the total gross winnings revenue generation in the third quarter.

“It is of course particularly satisfying that the excellent top line growth converted into a new all-time high in EBITDA, demonstrating again the scalability of the group’s business model which is structured to meet the future challenges of further regulation.”
TAGS:

Share This Post


NEWS SPONSOR

More News

MGM Resorts International has reported Q3 2020 revenue of $1.1bn, a 66% year-on-year decline as the company continues to struggle during the ongoing coronavirus pandemic.  The firm’s Las Vegas...




Helmet Guy of PlayAttack Affiliates on how both affiliate networks and affiliate programs can work to become a central node within the digital realm of the gambling industry. In computer science, the...