Third quarter reports are out and things are looking brighter than ever for NetEnt!

Third quarter reports are out and things are looking brighter than ever for NetEnt!

Published by Thisbe Savva, 1 November 2018

Casino games supplier NetEnt has released their interim reports for the the third quarter of the year, and the results are rather impressive. NetEnt is known as an extremely popular company with their innovative slot games and other casino games that are amongst the most popular online casino games to play. During the third quarter NetEnt’s revenues amounted to 449 SEK, their EBITDA of 227 SEK a margin of 50.6 (48.1%), their operating profit that of 172 SEK a margin of 38.3%, their profit after tax being 155 SEK, earnings per share of 0.65 SEK, and a fantastic 9 new customer agreements signed and 14 new customers casinos launched. What a brilliant result for NetEnt and we couldn’t be more thrilled for them.

The third quarter was marked by a strong start thanks to the successful release of the game Jumanji

Some of the most prominent events that occurred during the third quarter for NetEnt were that their games launched with British Columbia Lottery Corporation in Canada and Norsk Tipping in Norway, they also had their Beta launch of NetEnt’s affiliate business, their first customer launched on regulated market in Lithuania, they also had some of their games launched with the Hard Rock in New Jersey, and Lars Johansson was appointed as the new Chief Financial Officer. NetEnt has been seriously on their A-game and despite all of the new changes that had taken place mid this year, they have come out with flying colours.

Therese Hillman, the CEO of NetEnt said a few words about their earnings for this quarter stating “ The third quarter was marked by a strong start thanks to the successful release of the game Jumanji. We continue to make efforts to lower overhead costs and to optimize the organisation for commercial drive and increased pace of output, and I see room for improvement next year in several areas. Our net cash position provides us with financially flexibility and allows for continued solid cash returns to shareholders.” She went on to say “ Now I look forward to the last quarter of the year, as we have a full release schedule with 5 new slot games including out largest game production this year, Vikings, which is based on the well-known HBO series”.

NetEnt are consistent with their releases, and to name a few of the most popular slot games lately are of course the nostalgic Jumanji, Berry Burst and Berry Burst Max, Swipe and Roll, Halloween Jack and many more to come! We have always loved playing on NetEnt slot games as they each have their own personality and come with a lot of much needed individuality which is well needed in the casino gaming industry. Good luck with your next interim reports NetEnt, and we thoroughly look forward to all of the exciting new releases that are coming up this year.

Featured Casino

18+ New Customers Only - T&C Apply - Play Responsibly

  • 18+ www.begambleaware.org | New customers only. Minimum deposit £10. 35x wagering requirement applies. Bonus will expire 30 days after opt-in. Real money will be used before your bonus money. Selected games won't count towards wagering. If you request a withdrawal of your cash before completing the wagering, your bonus funds will be cancelled. Further T&C's apply.

Top 5 UK casinos

18+ New Customers Only - T&C Apply - Play Responsibly

  • 18+ www.begambleaware.org | New customers only. Minimum deposit £10. 35x wagering requirement applies. Bonus will expire 30 days after opt-in. Real money will be used before your bonus money. Selected games won't count towards wagering. If you request a withdrawal of your cash before completing the wagering, your bonus funds will be cancelled. Further T&C's apply.
  • 'Level ups' are achieved by gaining Frequent Player Points. Frequent Player Points are gained by playing casino games. Play on Live Casino contributes 10% of the Frequent Player Points of Slot Games. Players will recieve 1 spin on the Wheel of Rizk each time they level up T's and C's apply.
  • Opt in required. New customers to Casino page only. 1x per customer. Min. Buy in £10. Bonus value 100% of Buy in. Max. Bonus £300. 40x Wagering, Max Redeemable £4,000. 50 Free Spins with x35 wagering will be awarded after the Buy in Bonus is completed, Max Redeemable £1,000. Bonus expires after 7 days. Stake contributions, player, country, currency, game restrictions and terms apply.
  • Available through Nov 12, 2020 or until 10,000 offers claimed. Verified new casino accounts only. Bonus issued after verification; 7-day expiry; 50 redemption points required. Slots only, game contributions vary. £100 max win. Terms apply.
  • New players only * £20 min deposit * 100% up to £100 Bonus * Bonus wins are capped at £500 * To withdraw bonus & related wins, wager 30 x (bonus amount) within 90 days * Wagering req. vary by game * This offer may not be combined with any other offer * Deposit balance is available for withdrawal at any time * General withdrawal restrictions & full T&Cs apply

Articles & Guides

Related games

18+ New Customers Only - T&C Apply - Play Responsibly