Published
OnlineLand-BasedCasinoFinancialIndustry

Yggdrasil posts another quarter of positive results

In a

Yggdrasillogo
n update to investors, Yggdrasil’s Q3 financial results showed revenue had increased by 110% year-on-year to MSEK44.1 in that period.

Number of player transaction (rounds) increased by 132.6% year-on-year to 1,019 million, with mobile gaming growing to be 59% of the total gross game win.

The EBITDA margin for the period amounted to 42%, increasing to MSEK18.7.

Yggdrasil CEO, Fredrik Elmqvist comments: “As is always the case at Yggdrasil, it has been an action-packed quarter as the company continues to build upon the significant progress we have already made.

“Once again, we have delivered an all-time high result, with EBITDA for the period hitting MSEK 18.7. It is a fantastic achievement which was only made possible by the hard work of the most dedicated and talented team in gaming.

The company had yet another busy quarter, signing 10 new licence agreements, including Betfred and SkillOnNet.

“Our focus remains on laying solid foundations to ensure we can continue our growth trajectory off the back of these extremely strong results,” added Elmqvist.

Yggdrasil released three new games during the quarterly period, Rainbow Ryan, Valley of the Gods and the much-anticipated Jungle Books which was showcased at ICE earlier this year.

“Due to our growing workforce, we have secured additional office space in Krakow and in Malta, are looking to move to a bigger space in Gibraltar, and have a new office operational in Stockholm.

“As you’ll see by the growth in profit, this expansion has been achieved in a cost-efficient manner. As is natural for a fast-growing company, costs will continue to grow, but we remain focused to ensure additional spend helps spur further growth.
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Chicken Ranch Casino
The Responsible Gambling Affiliate Association (RGAA)
Catena Media
Gambling Commission
Follow Us
The most prestigious Awards in the industry are heading to the Philippines! The Global Gaming Awards Asia-Pacific will recognise and reward (as the name suggests) the strongest performers from the Asia-Pacific gaming industry across the previous 12 months.
This year's winners will be announced at a luncheon ceremony on Day 2 of SiGMA Asia, 4th June, in Manila.
The eleventh annual Global Gaming Awards Americas will recognize and reward the gaming industry's strongest performers across the previous 12 months. These are the most prestigious and trusted Awards in the industry and have gained respect amongst industry heavyweights, due to the strict rules and procedures put in place.

Facing Facts: Operator Q3s from across the globe

Gambling Insider compares Q3 2023 results from major gamblin...

Taking Stock: Operators and suppliers across the world

Sticking with our theme of gambling across the globe, Gambli...

CEO Special: Jade Entertainment and Gaming CEO Joe Pisano - down to earth

Jade Entertainment and Gaming CEO Joe Pisano speaks to Gambl...

CEO Special: Betfred CEO Joanne Whittaker - saying it as it is

Betfred CEO Joanne Whittaker joins Gambling Insider Editor T...