Published
OnlineFinancial

Mr Green revenue grows 38% in Q1

Mr Green has released its first quarter interim report of 2018 which shows revenues increased by 38% when compared to the same period last year.

mrgreen (1)

Total revenue reached $43.75m for the first three months of the year compared to $31.71m in Q12017 representing a growth of 38%, well above the companies 20% target.

This increase in revenue was fuelled by a 57.3% customer growth and 40.7% deposit increase during the first quarter confirming the growing popularity of the brand amongst existing and new customers.

These figures helped Mr Green’s EBITDA increase 34% to $5.26m although the EBIIDTA margin actually fell 0.4% to 12% as a result of the consolidation of Evoke Gaming on 2 February. Without the consolidation the margin would have risen to 13.8%.

The company’s growth was attributed to several key factors. They included a strong performance from their launch of their Live Beyond Live casino and the launch of its services in Denmark at the end of last year.

Commenting on the report Mr Green’s CEO, Per Norman, said: We have a unique, competitive customer offering and see a continued favourable outlook. The second quarter started strongly. We also have a robust financial position, with scope for additional acquisitions."

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...