Revenues Continue To Rise At Unibet

Revenues Continue To Rise At Unibet

Staff Writer
April 30, 2014
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Online gaming company Unibet have today announced revenues of £67.6million, revenues that equate to a first quarter increase of 14% compared to the same period as last year.

Unibet's revenues for the first quarter of 2014 now stand at £67.6 million ($113.6million), up an impressive 14% on the same period as last year. Earnings before interest, tax, depreciation and amortisation (EBITDA) also rose significantly during the first quarter too, with figures rising to £21.3million from the £17.1million of last year.

To cap off what has been a great three months Unibet also announced that their profits increased for the first quarter of 2014 as well, with £15.3million being reported, up from the £10.6million of last year.

Henrik Tjärnström is the CEO at Unibet and he was upbeat when asked to comment on the first quarter revenues. He said, “The mobile channel continued to develop strongly in the quarter and represented 31% of total gross winnings revenue. Kambi’s growth and increasing profitability confirm that now is the right time to maximise the value of the investments that Unibet has made through the proposed distribution of Kambi to shareholders.”

A great start to the year for all concerned with Unibet and with registered customer numbers continuing to rise too, figures are up from 7.3million to 8.9million, the future looks increasingly bright.

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