BUSINESS

Unibet posts record fourth quarter

TAGs: Unibet

unibet_10Unibet saw record numbers in the fourth quarter boost their full year earnings that were released today. The company saw all-time highs for both gross gaming revenue and EBITDA in the final quarter of 2012 as the respective numbers rose to £197.2million and £16.8m respectively. For the full year gross gaming revenue rose from £154.4m to £197.2m with EBITDA increasing from £48m to £52.5m. There was also a large increase in active customers, from 400,697 to 491,958, something that Unibet CEO Henrik Tjärnström explained had been down to increased spending on their part.

“Our investments in marketing and product development have resulted in an all-time high in active customers for the fourth quarter. This has also contributed to the continuing growth we have seen in the first six weeks of 2013 with daily average Gross Winnings Revenue showing organic growth over 20 per cent compared to the same period in 2012,” Tjärnström said.

In terms of the markets where Unibet operates, Tjärnström added: Strong growth in Denmark, Belgium and Italy show that the opportunity provided by re-regulation in Unibet’s core markets helps to offset the short-term impact of higher betting duties and compliance costs. Unibet takes a lead in working with regulators and other official bodies to develop sustainable local regulations that provide a fair market while ensuring social policy goals are achieved.”

There was also good news for the company’s subsidiary Kambi Sports Solutions that was said to be “developing good momentum” at the start of the year and that it’s seen as a “credible and attractive partner” for “major operators” the world over.

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