0
$ £

NYX Revenues Surge 165.9% in First Half

Internet betting software developer NYX Gaming Group has released their first half 2016 financial results, noting that revenues soared by 165.9% during the period.

Key financial indicators for the period were:

  • Revenues up 165.9% to C$54.9 million
  • Gross profits up 163.2% to C$47 million
  • Gross margin at 85.7%
  • EBITDA of C$15.3 million, up 224.6% from last year

Second quarter 2016 financials were:

  • Revenues of C$35.2 million, up 230% from last year
  • Organic revenue up C$13.7 million, up 28%
  • Royalty and licensing revenues of C$20.8 million
  • Gross profit C$30.8 million, up 238.3% from last year
  • Gross margin at 87.3%
  • EBITDA up 313.2% to C$10.5 million

Commenting on his company's performance NYX CEO Matt Davey said, "With the closing of the OpenBet acquisition, we move our focus from acquisitions to integration of our business operations and delivery of operational leverage. We look forward to continuing to strengthen our business model and create reoccurring, sustainable revenue over the long-term across all products for the benefit of our customers and shareholders."

2 replies • Last post

Comments

bgsharpe
Jackpot ChaserJackpot Chaser
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 2462
Thanks given: 703
Thanks received: 208
12 September 2016 - 10:17pm
#1

The numbers speaks for itself 's, NYX is already a giant in the industry but that doesn't stop them to aiming even higher, certainly one of the most efficient working companies in this business.

lvblck
True PlayerTrue Player
Location: The North
Joined: 6 Apr 2016
Posts: 992
Thanks given: 85
Thanks received: 243
13 September 2016 - 2:18am
#2

This is just another proof how online gaming has developed and how popular it really is. Nyx is a huge brand an I like them so this is nice.

Post new comment

Have something to say? Agree or disagree? Tell us what you think!

Login using your social network account
Or log in with a Casino Listings account

Login or register to post comments

Registering for an account takes less than a minute and you will be brought right back here to comment afterwards.

Share this