Internet casino LeoVegas has released their second quarter 2017 financial results, noting a vast growth in terms of revenue for the mobile-centric casino.
Key financial indicators for the quarter ending June 30th, 2017 were:
- Revenues of €49.7 million, up 60% from the same period last year
- EBITA of €6.1 million, up from a loss of €2.5 million last year
- Operating Profits of €5.5 million, up from a loss of €2.8 million
- Revenues for the first half of €93.6 million, up 55% from last year.
Speaking about the results LeoVegas CEO Gustaf Hagman said, "More than five years have now passed since we launched the mobile gaming company LeoVegas. The vision we laid out then is more relevant than ever before - that LeoVegas will lead the industry into the mobile future.
"LeoVegas has clearly taken the position as the most innovative and mobile-focused company - something we have gained attention for with countless accolades in industry publications and which can be seen in our figures of mobile gaming.
"LeoVegas continues to be one of the fastest growing gaming companies and is growing considerably faster than the market as a whole.
"LeoVegas' growth is proof that we are positioned right with our mobile focus."
Comments
It's unbelievable that the casino is just five years old and already one of the market leaders,
€49.7 million, up 60% from the same period last year - these number says it all really and I think it's an immense growth for them.
What happened to LeoVegas last year ?
The EBITDA is up from a loss of 2.5 million Euro.
And the second quarter EBITDA is 6.1 million Euro...