NetEnt's Q4 growth report and latest 2019 updates are pretty exciting!
2018 was an impressive year for NetEnt, and despite the big changes that occured for them during 2018 it definitely didn’t put a spanner in the works.
They changed CEO, changed a few team leaders and made quite a few big changes which could have swayed the ship slightly however it just made them stronger than ever. The Swedish casino games developer has reported a very impressive 8.9% year-on-year increase in 2018 revenue, however they did see increased costs seeing a profit decline during the fourth quarter of the year.
The NetEnt revenue for the 12 months came to an end on the 31st of December 2018 and it grew to SEK 1.8 billion ( £149.4 million) pounds. NetEnt did not only increase in their revenue and those aspects but they also signed up 31 brand new customers over the year and launched their products with 38 partners. During the fourth quarter, NetEnt’s revenue was up by 9.5% year-on-year, with 6 new titles being released within the last three months of December 2018!
The majority of their revenue came from their mobile casino offerings. This accounted for 61.4% of game win in the period, up from 53.8% in the previous year. NetEnt also stated that locally regulated markets accounted for 37% of total game win over the quarter, however the CEO of NetEnt stated that this would have increased to over 50% if Sweden, which opened their igaming market on the 1st of January 2019 had been included.
NetEnt is known for dishing out slot games by the dozen, and one upcoming slot we can look forward to coming from NetEnt is the brand new Ozzy Osbourne slot game. The prince of Darkness himself will be showcased on a NetEnt slot. This will be part of the very popular ‘NetEnt Rock’ series which includes further rock n’ roll slots such as Guns n Roses and Jimi Hendrix. Ozzy Osbourne will be a fantastic new addition to this series and we can look forward to this being released very soon.
During the first weeks of 2019, the new CEO of NetEnt Hilman stated that NetEnt’s game win in Euros was down by approximately 5% from 2019, and this was a result of lower volumes in the re-regulated Swedish market. Hilman also said that “ While it is still too early to predict the mid- to long-term effects of the Swedish regulation, we expect the key customer signings in Q4 2018 and our upcoming game releases to contribute to new revenues in 2019, when it comes to organic earnings growth, we have clearly higher ambitions than the pace we saw in 2018.”
NetEnt will always find their way through the bumps in the road, and with the new releases incoming for 2019 we have so much to look forward to! Keep your eyes peeled on our slot reviews and make sure you are a member of the best uk casino sites so you can play these slots as soon as they are released!
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