NetPlay TV net revenues up 15 percent in H1

Betting Business Netplay TV
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NetPlay TV, owner of Jackpot 247, Supercasino and Vernons Bingo, reports continued growth in both revenue and players for the first half of 2016.

 

[dropcap]N[/dropcap]etPlay TV has released its preliminary results for H1 boasting 15 percent growth in net revenues, to £14.7m.

The interactive gaming group’s 2015 performance has continued into the first half of 2016 resulting in a 31 percent increase in adjusted EBITDA to £1.7m (H1 2015: £1.3m) and 30 percent increase in adjusted earnings per share.

NetPlay also saw a 3 percent increase in new depositing players to 43,723, compared to 42,305 new players added in H1 last year.

“These results show that the momentum delivered in the last year has continued into 2016 and we are very pleased to be reporting growth in overall Group revenue and profit,” commented NetPlay TV’s CEO Bjarke Larsen.

Testament to the group’s Jackpot247 brand, Netplay also secured an additional three year term with ITV which will carry through until 2019.

“The group’s operational performance in the period has also been significant with not only the

renewal of the ITV relationship, but also product enhancements, new site roll-outs and, post period, the launch of the AppleTV application,” Larsen added.

NetPlay saw improved returns for the bingo product, having delivered a fully mobile and web responsive site for its Vernons Bingo brand, supported by a TV advertising campaign. In addition to rolling out the new site the team delivered 55 new game titles across mobile and 65 across desktop, including Playtech’s eagerly anticipated “Age of the Gods” slot titles.

The group’s casino-only brands experienced slightly lower deposits per customer which led B2C average revenue per depositing player to decrease by 2% to £267. This was following a slightly weaker Q2 on its casino-only brands.

Overall, Larsen concluded: “We set out our growth strategy at the beginning of the year and are focused on continuing to deliver against this. There has been significant M&A activity in the industry, and the group, with its solid balance sheet, is well placed to pursue those opportunities that the board believes will be earnings enhancing.”


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