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Amaya Posts First Half 2015 Financials

Internet betting firm Amaya has posted its first half 2015 financial results, noting a growth in revenue for the period.

Key financial indicators for the first half 2015 were:

  • H1-2015 revenue grew to $656.9 million (H1-2014: $624.7 million;

  • Adjusted EBITDA in the period reached $279.5 million (H1-2014: $248 million;

  • Adjusted net earnings rose from $170.4 million last year to $138.9 million in H1-2015;

  • EPS at US cents 85 (H1-2014: US cents 69;

  • Second quarter revenue rose to $319.6 million from Q2-2014's $289.3 million;

  • Adjusted EBITDA over the quarter was $138.2 million (Q2-2014: $111.8 million);

Commenting on the company's performance Amaya CEO David Baazov said, “We’ve completed our transition to a pure business-to-consumer technology company having finalised the divestiture of our B2B businesses."

“We substantially reduced our leverage and improved our financial condition. Since the acquisition of our B2C business, we’ve repaid approximately $529 million of our long-term debt, thereby eliminating an estimated $62 million of related interest expense.”

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