PokerStars Revenue Up 6.8% to $305M in Q2 of 2017

PokerStars Revenue Up 6.8% to $305M in Q2 of 2017The Stars Group, Pokerstar’s parent company, has just released its Q2 results ending June 30, revealing a solid 6.8% increase in revenue to $305.3 million compared to the $285.7 million generated in the same quarter last year.
PokerStars, the world’s biggest online poker room with a 70% control of the global market, produced $202.9 million in the second quarter of 2017 from its poker vertical, with that amount representing a 5.9% year-over-year decline. Nevertheless, the figure is consistent with the brand’s move into offering other popular gambling games, with its casino games and online sportsbook generating $89.6 million during the quarter, marking a huge 50.2% increase y-o-y.
As a result, the site’s poker offering currently accounts for 66.5% of its revenue compared to 29.3% for its combined casino and sportsbook offering, with the changing share of the pie reflected in last year’s Q2 comparison of 75.5% to 20.9% respectively.
In terms of “Quarterly Real-Money Active Uniques” (QAUs), online poker saw its numbers decrease by 4% to around two million users, mostly due to the its sister site, Full Tilt, merging player pools with PokerStars in mid-2016. In the meantime, casino games boasted 547,000 QAUs in Q2, up by 33% y-o-y, while its online sportsbook had 251,000 QAUs, up by 8% versus Q2 of 2016.
Overall, PokerStars saw its combined QAUs across all its products fall by 2% to around 2.1 million during the last quarter. Nevertheless, PokerStars said that it recorded an additional two million customer registrations in Q2, in the process increasing its total customer base to around 113 million. This subsequently indicates that roughly 2% of the site’s customers gambled online in Q2.
Looking ahead, it will be interesting to see how PokerStars’ decision to exit the lucrative Australian online gambling market will impact its Q3 numbers, following the decision by the country’s government to ban any company offering its products without first holding an Australian iGaming license.

Other news:   New Jersey iGaming Revenue Hits $21.2M in August

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