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, 2018-11-01

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.

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