Publishing its H1 2016 results (six-month period ending 30 June), London AIM-listed interactive gaming operator NetPlay TV (NetPlay) has reported sustained growth across its core metrics.
Reporting a 15% increase in net gaming revenues to £14.7 million (H1 2015: £12.7 million), NetPlay governance was pleased to sustain the firms positive 2016 momentum.
The interactive gaming operator would close its H1, reporting an adjusted EBITDA of £1.7 million (H1 2015: £1.2 million), which would transfer to period profits of £1.4 million representing a 30% gain on corresponding H1 2015 profits of £1.1 million.
Detailing performance drivers, NetPlay governance specified that the company had improved its gaming inventory rolling out a significant amount of new gaming titles and content across its B2C platform.
Corporate performance was further boosted by B2B division growth which would contribute £2.1 million in revenues combined with £400,000 in period EBITDA.
NetPlay governance closes the period, announcing that it has extended its main broadcast relationship with ITV for a further three years. Furthermore, the company will now launch the UK’s first Apple TV gambling application which will stream a full suite of NetPlay live roulette products for digital TV viewers.
Commenting on busy period of H1 2016 corporate activity Bjarke Larsen, CEO of NetPlay TV stated
“The Group’s operational performance in the period has also been significant with not only the renewal of the ITV relationship, but also product enhancements, new site roll-outs and, post period, the launch of the AppleTV application.
“We set out our growth strategy at the beginning of the year and are focused on continuing to deliver against this. There has been significant M&A activity in the industry, and the Group, with its solid balance sheet, is well placed to pursue those opportunities that the board believes will be earnings enhancing.
(c) SBC News – Read entire story here.