Amaya Posts Third Quarter Financials

Internet betting giant Amaya Inc. has posted their third quarter financial results, noting that they are adjusting their financial outlook downward due to a stronger US dollar, which has lowered its customer base's purchasing power.

Key financial indicators for the third quarter September 30th, 2015 were:

  • Revenue of C$324.7 million, up 8 percent from CAD 299.5 million Y-O-Y, and adjusted net earnings per share of 44 cents or C$90.5 million, up from 38 cents per share or C$79.8 million.

  • Online casino accounted for 14 percent of its overall quarterly turnover, while the remaining 86 percent was largely from online poker.

  • Revenue from B2C poker operations rose 12 percent Y-O-Y.

  • Adjusted EBITDA C$141.2 million, up 8 percent year-on-year (Q3/2014: C$130.5 million)

  • Adjusted net earnings were up 13 percent to C$90.5 million.

  • 1.85 million customer registrations during the third quarter of the year.

  • As of September 30, 97 million registered customers, up 9 percent from the previous year.

  • 60 percent of new accounts are from mobile devices

  • 45 percent of real money players are on mobile.

For the upcoming year Amaya said that they are planning to launch their PokerStars brand in New Jersey and will also launch its sportsbetting product BetStars. The company also has its eyes on eSports, although no firm details on the product have been given.

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