Steady Growth for Amaya During Q1
Amaya, a leading provider of technology-based products and services in the global gaming and interactive entertainment industries, has posted revenues of $288.7million for the three months until March 31st; an increase of 6% from the same period last year.
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose steeply, climbing by 8.7% to $123.4million in the quarter. Adjusted net earnings jumped by 26% to $84.97million.
Taking the period’s currency fluctuations into account, the quarter’s total revenues and real-money online revenues would have increased by 13.9% and 14% respectively.
Real-money online poker and online casino and sportsbook combined represented approximately 75% and 21% of total revenues for the quarter.
Rafi Ashkenazi, CEO of Amaya’s Rational Group, said: “During the first quarter, we continued to execute on our growth plans despite unexpected challenges, including management changes and the ongoing strategic alternatives process.
“We attracted new customers to PokerStars, continued to introduce changes to improve the overall poker experience, expanded our online casino offering and continued to invest in our emerging online sportsbook.”
During the quarter, customer registrations increased by 2.5million, rising to approximately 102million by the end of Q1.
In April, Amaya’s growth trend continued with unaudited consolidated revenues of approximately £96million, up 11% year on year.
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