NetEnt Hails Mobile Growth and Canadian License for Half-Year Revenue Push

Publish: 23.07.2017

The records and statistical data confirm the first half of 2017 was a particularly positive business period for one of industry’s leading developers NetEnt.

The company announced a 15% increase in revenues during the first six months this year which shot up to $95 million in total.

Revenue Increase

And NetEnt claims the double-digit business growth in revenues and operating profit goes down predominantly to mobile gaming sector which continues to rise and expand. Mobile gaming accounts for more than half of NetEnt’s total revenues in June.

Other highlights of the operating success include obtaining a supplier license in British Columbia, Canada, and the most recent launch of games on the regulated Serbian market. The UK and Italy contributed the major part of the growth rate in the quarter from April to June and these are the two markets NetEnt is looking to exploit further and expand its footprint in.

President and Chief Executive of the company, Per Eriksson, claims NetEnt continues to hire more employees and develop their platform in an effort to strengthen the organization and increase the output capacity.

“We look to enter more regulated markets and integrate a large number of new customers. With this in mind, we foresee an ongoing need to invest during the rest of 2017. We do this to enable continued solid growth with increasing economies of scale for NetEnt going forward.”, he said.

NetEnt Moving Forward at Greater Pace

Additionally, the previous period up until 21 June saw NetEnt sing 21 customer agreements and launch 14 new customers’ casinos.

Per Eriksson, claims the future outlook remains bright for the company.

“We see conditions for continued solid growth supported by new games, increasing market shares in the UK, mobile growth, many new customers to launch and our expansion in North America.”, Eriksson said.

On the other side, the Swedish-based operators saw a slightly slower revenue growth in their native country. The reasons behind it are explained by high market share and the maturity of the market.