Unibet in the money

unibetIt seems Unibet’s acquisition strategy has paid dividends.

Their 2015 (year to December 31) results were full of good news for investors (not so much for players), with year on year gains up across the board.

Revenue was up to £354.1 million (€453.9 million), from £312 million in 2014, and profit increased to £69.7 million from £64.5 million.

The biggest gain was in active customer numbers at year’s end: 570,360 to 921,150 (156,208  attributable to acquisitions).

CEO Henrik Tjärnström was understandably chuffed at the result saying,

“We have delivered a market-leading revenue growth in the fourth quarter of 2015, generating a 43% increase in gross winnings revenue as reported in GBP compared with the same period in 2014, 57% in constant currencies… The focus on scalability across the group has enabled us to deliver a new all-time high in underlying EBITDA”

Casino game revenue was up 15% on 2014. The financials didn’t segment live casino but it did get a mention:

“Players have a choice of two unique Unibet Live Casino experiences, each with a selection of table games and
exclusive Unibet tables. The Live Casino can be accessed via the mobile website or mobile app. With the introduction of
additional tables and further language support, players can now play in seven different languages.”

The positive result comes against a backdrop of general corporate doom and gloom. China, Oil, European banks…apparently the sky is falling on all of them (and the rest of us).

Hopefully Unibet aren’t putting all their cash in Deutsche Bank.

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