Online betting operator Betsson was able to post its highest-ever quarterly revenue figure during the three months through to March 31 this year.
Revenue in the first quarter amounted to SEK847.4 million (€90.5 million/$98.1 million), up 24% on a year-on-year basis from the SEK686 million posted in the same period in 2014.
Betsson noted its mobile operations experienced significant year-on-year growth during the quarter, with mobile revenue up 131% to SEK233.3 million – 28% of the total revenue figure.
Operating income was up 39% to SEK 238 million while the company’s operating margin increased from 25% in Q1 of last year to 28.1% this year.
Elsewhere, net income grew from SEK157.7 million to SE 224.1 million, which corresponded to SEL4.87 per share, up from SEK3.52 last year.
Magnus Silfverberg, president and chief executive officer of Betsson, said: “These figures represent further evidence that Betsson’s multibrand strategy of migrating a number of brands to one shared technical platform provides the foundations for long-term, stable and high profitable growth.
“At the same time, Betsson delivers stable growth in deposits, gross turnover in sportsbook and active customers.
“This is a strong indication on continued growth.”
source : www.igamingbusiness.com
