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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


High Roller
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
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12 September 2016 - 10:17pm

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.

Fortune HunterFortune Hunter
Location: The North
Joined: 6 Apr 2016
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13 September 2016 - 2:18am

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.

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