Published
Financial

Small decrease in Jackpotjoy Q3 gaming revenue offset by 40% Vera&John growth

Jackpotjoy Group has reported an 8% year-on-year rise in Q3 gaming revenue to £77.8m ($99.8m).

jackpotjoyfinancialreport

The operator also posted an adjusted EBITDA increase of 13% to £28.8m, thanks to strong earnings growth at Vera&John, while adjusted net income increased 36% year on year to £23.3m, due to a 36% decrease in interest expense.

Gaming revenue and adjusted EBITDA did decrease by 3% for Jackpotjoy to £52.1m, which accounts for 67% of group revenue.

However, Vera&John gaming revenue (33% of the group's total) grew by 40% to £25.7m and adjusted EBITDA by 71% to £8.4m. JPJ’s overall average active customers per month also grew 3% to 257,929.

Neil Goulden, JPJ Group Executive Chairman, said: "We are pleased with the quarterly performance of JPJ Group given reported gaming revenue growth of 8% and an uplift in adjusted EBITDA of 13%.

"The Vera&John segment is once again the stand-out, with year-on-year revenue growth of 41% on a constant currency basis. The growth at Vera&John highlights our strategy of international diversification, with 44% of group revenue generated outside the UK in Q3."

Shares in JPJ were up 0.17% to 598p on Thursday.

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Live! Casino & Hotel Maryland
Mohegan
Mohegan Inspire
DraftKings
Follow Us

Company profile: Growe Partners

Dominate the Sports Betting Affiliate Arena with Growe Partn...

Company profile: GR8 Tech

The sportsbook provider discusses turning sportsbooks into a...

Analysing sports betting data from the African Cup of Nations 2024

Sports betting supplier Betby provides Gambling Insider with...

LiveScore Group: Football’s changing relationship with fans

Gambling Insider delves deeper into LiveScore’s Evolution...