The interactive division of Caesars posted its second quarter financial results, showing growth in several key verticals.
Key financial indicators for the second quarter of 2015 were:
At $186.2 million net revenue was up 28 percent on a y-o-y basis;
Adjusted EBITDA increased almost 60 percent to $69.5 million;
A loss of $4.4 million last year in net income from operations was turned around to a gain of $54.3 million in the current quarter;
Net H1-2015 revenue is currently $362.8 million, up 35 percent y-o-y, with adjusted EBITDA up 74.5 percent to $132.1 million.
The company's positive performance was attributed to large growth in mobile and social gaming circles, and Caesars Interactive says it will continue to focus on these verticals moving forward.