Advertisement

Playtech Q4 revenue leaps 20 per cent

Online gaming software company Playtech posted a 20 per cent leap in total revenues for the three months ended December 31st, boosted in particular by improvements in both Casino and Services income.

Online gaming software company Playtech posted a 20 per cent leap in total revenues for the three months ended December 31st, boosted in particular by improvements in both Casino and Services income.

Quarterly revenues of €83.9m, up from €69.6m the same period the previous year, contributed to a 53% increase in total full year revenues of €317.5m, compared to €207.5m in 2011.

Advertisement - Article continues below

Gross income for the year rose 51% to €368.1m (2011: €243.6m), while on a quarterly basis it climbed 26% to €98.8m, from €78.4m the same period in 2011.

Divisionally, quarterly revenue from the Casino business rose 27% year-on-year, Services 17%, and Bingo 14%, while Poker revenues dropped 27% and Videobet was stable at €2.7m.

William Hill Online, to which Playtech is a major supplier, delivered its largest quarterly contribution to the company since inception, marking a third consecutive year of double-digit growth.

Playtech's Chief Executive Officer, Mor Weizer, said: "Playtech has again delivered an exceptional fourth quarter performance enhanced by WHO's record quarterly profit and the significant growth in software revenues with Casino, Services and Bingo demonstrating double-digit increases.

"The company achieved robust organic growth and benefited from innovative cross-selling initiatives with several major licensees. Playtech's new product and licensee launches, together with the launch of slots in Italy, have exceeded expectations and build further on the Company's solid growth platform.

"I am also pleased to announce that our joint venture with Gauselmann has been awarded licenses by Schleswig Holstein for online casino and sports betting.

"As a result of the impressive performance in Q4 and since the beginning of the year, the board is very comfortable with market expectations for the full year and looks forward to 2013 with confidence."

Net cash at the year end dropped from €137.3m to €51.9m over the 12 months.

In the year-to-date, average daily revenue for the first 36 days of 2013 is up over 9.0% on the first quarter of 2012 and flat on the final quarter of 2012.

Advertisement
Advertisement

Recommended

Visit/investments/investment-strategy/601044/broker-safety-your-questions-answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
Visit/investments/investment-strategy/600861/how-demographics-affects-stock-valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Visit/investments/stocks-and-shares/600863/sirius-minerals-anglo-american-takeover
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Visit/investments/stockmarkets/600634/why-investors-should-be-cautiously-bullish-for-2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

Visit/investments/property/601606/house-prices-crash-uk-property-prices-falling-where-next
Property

House price crash: UK property prices are falling – so where next?

With UK property prices falling for the first time in eight years, are we about to see a house price crash? John Stepek looks at what’s behind the sli…
2 Jul 2020
Visit/economy/inflation/601584/the-end-of-the-bond-bull-market-and-the-return-of-inflation
Inflation

The end of the bond bull market and the return of inflation

Central bank stimulus, surging post-lockdown demand and the end of the 40-year bond bull market. It all points to inflation, says John Stepek. Here’s …
30 Jun 2020
Visit/investments/stockmarkets/601611/nasdaq-all-time-high-markets-and-the-real-economy
Stockmarkets

How can markets hit new record highs when the economy is in such a mess?

Despite the world being in the midst of a global pandemic, America's Nasdaq stock index just hit an all-time high. And it's not the only index on a bu…
3 Jul 2020