Internet betting software developer Playtech plc has released their full year 2015 financial results, noting revenue growth of 38% when compared to the year prior.
Key financial indicators for the full year ending December 31st, 2015 were:
- Full year revenues of €630.1 million, up 38% from the year prior.
- Adjusted earnings up 22% to €251.9 million.
- Pre-tax profits dropped 1% to €142 million, heavily impacted by the UK point of consumption tax
For the first two months of 2016, daily revenues are up 12% compared to the same time in 2015.
Commenting on the results Playtech Chairman Alan Jackson said, "Whilst 2015 was an incredibly busy year for Playtech, our operational performance was stronger than ever, delivering reported revenues up 38% and up 26% on an underlying basis."
"The gaming division continues to lead the industry and drive our growth. Our pipeline of opportunities continues to be very strong and we expect significant wins in 2016, led by our pioneering omni-channel offering and driven by existing and newly regulated markets."
"Our newly created financials division is developing well and we have further improved its business model. We have many opportunities for further growth, both organically and through M&A, with active discussions on a number of potential acquisitions in the Gaming division."
"Should suitable acquisitions not be available, consideration will be given to returning cash to shareholders as we look to maintain an efficient capital structure."