UK based television betting firm NetPlayTV has announced its fourth quarter 2013 financial results, showcasing a large growth in net revenues.
Key financial indicators for the period ending December 31st, 2013 were:
33% increase in total net revenue to £7.9 million (Q4,2012: £5.9 million) and 22% increase on Q3,2013.
12% increase in new depositing players to 15,648 (Q4,2012: 13,974) and 1% increase on Q3,2013.
27% increase in active depositing players to 32,163 (Q4,2012: 25,376) and 11% increase on Q3,2013.
Mobile and tablet net revenue increased 121% on prior year and now accounts for 30% of total net revenue (Q4,2012: 18%)
Full year EBITDA expected to be at top-end of market expectations
Management reported that the group purchased Vernons from Sportech plc for £3 million. The integration of Vernons into NetPlayTV's system will be completed early this year. Additionally, the firm announced that its mobile operations grew at a very strong rate.
Full Year results for NetPlayTV will be available on April 8th.