Published
OnlineCasinoFinancial

NetEnt generates $192m in revenue during 2018

NetEnt’s full-year revenue rose 9% year-on-year to SEK 1.7bn ($192m) in 2018.

NetEntlogo

The supplier also reported EBITDA of SEK 816m, an increase of 10%, with an EBITDA margin of 46%.

Operating profit/EBIT was SEK 601m, a growth of 3%, corresponding to a margin of 34%.

Speaking exclusively to Gambling Insider in November, CEO Therese Hillman foreshadowed the trading update by saying: "Our ambition has always been to outgrow the market, which we’re not doing right now, so we’re not happy with the current revenue growth."

For Q4, NetEnt reported a similar level of growth (9%) in revenue to SEK 465m, while EBITDA rose 5% to SEK 204m – corresponding to a margin of 49%.

However, operating profit/EBIT fell by 5% to SEK 146m, with the EBIT margin also dropping from 36% to 31%.

Hillman said: "I would like to thank all our employees for their valuable contributions during 2018 and look forward to another busy year.

"I am convinced we will offer more and better games than ever, for all types of players and preferences."

Premium+ Connections
Premium

RISK

 
Premium

Galaxsys

 
Premium

1xBet Partners

 
Premium

Lynon

 
Premium

Digitain

 
Premium

GammaStack

 
 
Premium

Imagine Live

 
Premium

Sport Generate

 
Premium

PIN-UP Partners

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...