Unibet Q3 results set up record year

Unibet the online gambling operator announced a record breaking third quarter, the company showed revenues of £142 million for Q3 compared to £83 million for the same period last year. Profits after tax would be £21 million compared to £12.9 million last year for the quarter.

Currently the year to date figures look exceedingly good for Unibet with revenues for the year so far at £391 million compared to £242 million at the same stage last year. Profits also looks good so far standing at £54 million compared to £36 million last year.

In reporting the current figures the company project the best ever results for Unibet for the full year.

Henrik Tjärnström, CEO of Unibet Group, said:

“Strong performance across all brands and successful acquisitions deliver 65 per cent increase in Gross winnings revenue (42 per cent in constant currency, of which 27 per cent is pure organic growth)”

“High activity levels driven by the ability to retain the customers from the Euro tournament that started in the second quarter has led to a continued gain in market shares. The margin in the sportsbook was in line with the prior year and the long-term averages, so it was pure activity growth that delivered a new all-time high in Gross winnings revenue of GBP 142.3 million.”

“It is of course particularly satisfying that the excellent top line growth converted into a new all-time high in EBITDA, demonstrating again the scalability of the Group’s business model which is structured to meet the future challenges of further regulation.”

“All our brands performed very well in the third quarter. The Group underlying EBITDA grew by 38 per cent in constant currency. If iGame Group and Stan James Online had been part of the Group for the full third quarter 2015, their combined EBITDA would have grown by 95 per cent in constant currency.”