Group Q1 revenue and EBITDA rise significantly

By Tim Poole Group has reported a 52% year-on-year rise in Q1 revenue to €5.2m ($5.8m).

Ninety-eight percent of the affiliate’s growth was organic, while it also enjoyed a 66% increase in new depositing customers to 26,524.

Adjusted EBITDA, excluding non-recurring costs, was up 33% to €1.8m, although's adjusted EBITDA margin dropped from 38% to 33%.

EBITDA (as opposed to adjusted EBITDA) also totalled €1.8m, up 76%, with the EBITDA margin rising from 29% to 33%.

During the trading period, was granted approval by the New Jersey Division of Gaming Enforcement to expand business deals with operators to include revenue sharing components.

CEO Charles Gillespie said: "The Group delivered yet another record quarter. Virtually all of the revenue growth was organic. Q1 EBITDA was also a record."


Share This Post


More News

A case against Betfred has seen an application for summary judgment before a High Court judge in October. In November 2018, solicitor Peter Coyle spoke exclusively to Gambling Insider...

From dealing with customers stuck in a lift, to approaching seven years as AGS president and CEO, David Lopez reflects with Tim Poole on the career lessons he’s learned, the mentors...