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Unibet Tops off 2015 with Record-Setting Q4Published February 20, 2016 by Lee R
Unibet is establishing a resilient model of expansion in an industry with tremendous room for growth.
Unibet has set another record, this time its for the fourth quarter, which also allowed the gaming operator to cap off its 2015 totals with quite a bang. Gross winning revenues for Unibet in Q4 topped out at £111 million for a 57% jump in the three month ending December 31.
Boosting the Year
This boosted revenues for the year to £354.1 million, for a healthy 13% jump.
This led to more robust figures of profit after taxes at £19.4 million for Q4 and £69.7 million for the full year for Unibet, which offers an array of online casino sites under their name including Unibet Casino, Unibet Sports and Unibet Poker.
Casino and games was the top earner at £53.8 million gross winning revenue, followed by sports betting at £51 million and poker at £2.2 million for Q4. This reflected a total increase for 2015 in sports betting to £161.2 million, with casino games reaching £171.6 million. Poker stumbled ever so slightly, falling from £8.4 million in 2014 to £7.6 million.
New Assets Help
Newly acquired assets Stan James Online and iGame Group contributed a combined £13 million in corporate revenues and £2.7 million earnings before interest, taxes depreciation and amortization (EBITDA). A spike in active customers drove the growth, topping out at a total of over 921,000. Of these, 156,208 came from Unibet's 2015 acquisitions.
Unibet Strategy Working
Unibet CEO Henrik Tjärnström lauded the growth as effective implementation of his company's expansion strategy.
Tjarnstrom pointed out that gross winnings revenue was up 43% from reported figures in 2014, and cited organic growth in Unibet and Maria of 26 per cent as essential to the scaleability. The emerging sector of mobile revenue brought in 56 per cent of gross winnings revenue compared with 51 percent in the third quarter of 2015.
With the rise of online gambling, Unibet stands as a model of expansion and scaleability in the growing organic market that iGaming already represents.