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Netent q3 report

netent q3 report

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Maria Casino Play Now. Some numbers As usually, NetEnt did very well in the past months, hence it was able to publish another positive interim report with promising numbers.

The WLA is a member-based organization that promotes the interests of state-authorized lotteries around the world. This membership could support future growth for NetEnt as a supplier to WLA-members and is, therefore, of strategic importance to the company.

The company signed an agreement with PokerStars in New Jersey and shortly after the NetEnt Games were launched at the well-known gambling site becoming available to New Jersey players only.

This came after a customer agreement was signed with Gamesys for the delivery of online casino games to Tropicana Atlantic City Online.

The casino licenses cover production and distribution of specialised gaming software as well as management and hosting facilities for online gaming.

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Mobile games and regulated markets such as the UK, Italy and Spain contributed the most to our growth. Continued growth and higher profitability The third quarter was another solid quarter for NetEnt.

Revenues increased by 12 percent and operating profit rose by 20 percent compared to the same quarter of last year. The operating margin was significantly better than in the third quarter of last year, thanks to growing revenues and economies of scale in the business.

Mobile games continued to be an important growth factor and accounted for 52 percent of total revenues in the quarter. Our systems managed The royalty level for our products remained unchanged.

In the last quarter of the year, we are releasing some new thrilling games such as Planet of the Apes and Finn and the Swirly Spin, the latter of which has been developed to provide the ultimate mobile gaming experience.

Live Casino is showing solid growth, especially the mobile product, which has been very well received by our customers.

In the third quarter, we continued to roll out Live Rewards, which is an innovative set of bonus functions that make our games more thrilling for players and operators.

We have also expanded our Live studio in Malta and going forward, we will be offering more exclusive tables to our customers.

We are developing our professional services business and in October, we launched a new digital ad buying service for gaming operators together with our partner Ve Global, so called programmatic marketing.

Competition is toughening among operators and we are convinced that our customers need to use gaming data in a better way to be able to optimize their marketing spend.

Looking ahead, we will continue to develop new services that support our customers to drive growth.

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Netent q3 report -

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The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.

Halfway the third quarter, NetEnt added another trailblazing product to its offering with the launch of NetEnt Live Mobile.

NetEnt Live Mobile offers the latest technology in streaming, sound and video, the closest a mobile player can get to a real-life casino experience.

The same goes for the way that operators use live casino. A great event considering the fact that revenues from mobile increased by 83 percent compared to last year and accounted for 40 percent of revenues in Q3.

With so many highlights, I would almost forget to mention other new NetEnt slots launched in Q3. NetEnt certainly keeps on surprising with original themes and spectacular designs.

Q4 definitely promises to bring some more slot fun with titles such as Warlords: It seems NetEnt is in a nostalgic mood this year! All British Casino Play Now.

Fun Casino Play Now. A list of the different reliable NetEnt casinos with a full review of each one. View our Top 5 best NetEnt casinos.

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Adler Casino Play Now. Fruity Casa Play Now. Mr Green Play Now. Competition is toughening among operators and we are convinced that our customers need to use gaming data in a better way to be able to optimize their marketing spend.

Looking ahead, we will continue to develop new services that support our customers to drive growth. Strong growth outside of the Nordics Great Britain and Italy contributed the most to our growth in the quarter, but strong growth was also seen in other regulated markets such as Spain and Denmark.

We continue to grow fast in New Jersey and in the third quarter, we introduced free-round functionality with the first customer there. The potential tax income from regulated gaming offers an important source of future funding for many US states and longer-term, we continue to see great potential in the US when other states follow New Jersey to re-regulate online casino.

We also see interesting future opportunities in Latin America, and in early October we signed our second customer agreement for the regulated market in Mexico, with Caliente, which is one of the leading operators in that market.

Future outlook The future outlook remains bright and for the remainder of , we see conditions for continued solid growth supported by new games, increasing market shares in the UK, mobile growth, many new customers to launch and our expansion in North America.

We continue to hire more employees and develop our platform. We strengthen the organization to increase our output capacity, enter more regulated markets and integrate many new customers.

With this in mind, we foresee an ongoing need to invest during the rest of We do this to enable continued solid growth with increasing economies of scale for NetEnt going forward.

Presentation of earnings report On Friday, October 27, , at For additional information please contact: The information was submitted for publication, through the agency of the contact person set out above, at 7:

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