NYX has officially released their 2016 financial results, noting that the game company set new revenue records during the calendar year.
Key financial indicators for the year ending December 31st, 2016 were:
- Revenues of $163.7 million, up 213% from 2015
- Royalty and license revenues of $90.7 million, up 105.4% from last year
- Gross profit of $144.2 million, making up 88.1% of revenue
- EBITDA of $42.7 million, up 305.3%
Speaking about his company's results NYX CEO Matt Davey said, "This was a transformational year for NYX; with the integration of OpenBet now substantially complete, we are ideally positioned as a leading provider of sportsbook, gaming technology, and NextGen content to the regulated gaming market."
"Since the beginning of 2017, our new operating model has been delivering an improved cost structure that, combined with our growth strategy, will result in increased operating leverage."