NetPlayTV 2012 Financials Show Improvement

Internet betting group NetPlayTV has released its fiscal year 2012 results, noting better results than previously seen.

Key financial indicators for 2012 were:

• 27.5% increase in net revenue to £21.8 million (2011 recategorised: £17.1 million)

• 30.5% increase in EBITDA to £4.3 million (2011: £3.3 million)

• 470% increase in statutory profit before tax to £3.1 million (2011: £600,000)

• Cash balance up 55% to £12.3 million (2011: £7.9 million)

• Cash generated from operations up 73% to £4.3 million (2011: £2.5 million)

Operational highlights for the year were:

• Increased investment in pure online and mobile marketing which together with TV marketing resulted in an increase in new depositing customers of 61.5%

• All live TV roulette games now available across iPhone, iPad and Android applications

• Strengthened relationships with ITV and Channel 5, plus extended agreement with ITV

Commenting on the results, NetPlayTV CEO Charles Butler said: “This has been an exceptional year both financially and operationally for the group. With key performance indicators and our broadcast relationships going from strength to strength, we are particularly pleased with the progress that has been made in line with our stated growth strategy."

“The significant investment the group continues to make in marketing has had a significant impact over the year and this enhances our ability to drive further growth in our core UK market, whilst the viable overseas markets and the commercial opportunities they offer will be appraised as regulation starts to take shape."

“We enter 2013 with confidence as the group’s strategy continues to bear fruit. Building upon the strong start to the year, we look forward to continuing to drive growth and shareholder value.”