Unibet Rolls on in 2016, Q3 Numbers Looking GoodPublished November 12, 2016 by Lee R
Unibet’s moves are paying off in 2016 as player activity continues to increase.
Unibet has released record-breaking results for Q3.
Gross Gaming Revenue
The key figure was a record £142.3 million (€157.6 million/$174.5 million) in gross winnings revenue for the three months ending after September.
2016 Q3 Jumps
The Q3 revenue total constitutes quite an increase on the represents a significant year-on-year increase over the £86.1 million from 2015, with earnings before interest, tax, depreciation and amortisation (EBITDA) also up from £19.6 million to £33.9 million.
Unibet’s profits also reflected healthy increases, with profits before tax increasing from £14.4 million to £24.8 million, and profit after tax jumping from £12.9 million to £21 million.
The sheer amount of customers was another important figure released by Unibet, indicating massive increases as the total number of active players broke seven figures, jumping from 671,635 to 1,067,910. A significant portion of those customers were added from a significant merger: Unibet’s acquisition of iGame group and Stan James Online, bringing 223,617 new players into the Unibet client fold.
Totals Up Too
For the year, the Q3 results bring Unibet’s gross winnings revenue to £391.3 million, a substantial increase from £242.7 million at this point a year ago.
Across the Board
Increases for the year were also shown in EBITDA (£53.7 million to £84.4 million); profit before tax (£40.9 million to £62.7 million) and profit after tax (£36.3 million to £54.5 million).
Strong Brand Performance
Unibet CEO Henrik Tjärnström attributed the findings to “Strong performance across all brands” with successful acquisitions responsible for a 65% increase in gross winnings revenue.
Source of Growth
With sportsbook margins similar to last year and long term medians, Tjärnström further attributed gains in market shares to the high activity levels sustained from the Q2 Euro tournament that started in the second quarter.
Of the distribution, Tjärnström disclosed that 33% of gross winnings revenue came from locally regulated markets; while gross winnings revenue from the mobile channel more than doubled in GBP to account for 64% of the Q3 gross winnings revenue.
As for Q3 individual contributors to gross gaming revenue, Unibet sports betting brought in £66.7 million; casino games £68.5 million; poker £3.2 million; and other gaming operations £3.9 million.