Stride Gaming anticipates better-than-expected results

Stride Gaming has said it expects its results for the 12 months to August 31 to be ahead of expectations, after a “very strong” performance in the second half of the year.

In a pre-close trading update, the company said net gaming revenue will amount to no less than £47 million (€55 million/$61.4 million), up from £27.8 million last year.

Stride also expects earnings before interest, tax, depreciation and amortisation to rise from £7.3 million last year to at least £12.3 million for the most recent 12-month period.

Eitan Boyd, chief executive of Stride, said: “We are delighted with the organic growth from our underlying business which remains robust.

“This, coupled with the completion of our recent acquisitions, means we have significant scale, increased market share and are now the fourth largest online bingo operator in the UK.

“With these positive developments in mind the company looks forward to the future with confidence.”

Stride expects to publish its full-year results in November.

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