UK betting firm 32Red has officially posted its full year 2015 financial results, noting a record amount of revenue for the year.
Key financial indicators for the full year ending December 31st, 2015 were:
- Full year net gaming revenues of £48.7 million, up 52% from the year prior.
- EBITDA dropped to £5.2 million from £5.4 million last year, due to the point of consumption tax that was implemented in the UK.
- Before tax EBITDA of £11.2 million, up 76% from the year prior.
- Earnings per share of 6.97, down 2% from the same period last year.
Commenting on his company's performance 32Red CEO Ed Ware said, "2015 was a very exciting and indeed record-breaking year for 32Red, achieved despite significant external regulatory and tax headwinds.
"These results are an excellent demonstration of 32Red's core strengths - a talented and dedicated team, first class ROI-driven marketing skills and established, highly-appealing online gaming brands.
"The acquisition of the Roxy Palace business in July complements the strong organic growth delivered in the core business as we exploited targeted marketing opportunities and attracted new customers to the 32Red brand.
"Marketing expenditure will be increased again in 2016. We are well positioned for another year of progress, building on the excellent achievements in 2015."