Unibet Revenues Soar 13.5% to £354M in 2015March 18, 2016 12:21 pm
Unibet’s latest annual financial results makes impressive reading, with the online gambling operator’s gross revenues soaring by 13.49% to £354.1 million in 2015, from the £312 million that it collected in the previous year. The company’s profit were also higher by 8.06% to £69.7 million for the whole of 2015.
While Unibet had a solid year, it was the company’s Q4 that helped to significantly boost its overall performance, with revenues increasing by 57% to £111 million, and profits improving to £19.4 million for the last three months of the year. Commenting on the impressive results, Unibet CEO Henrik Tjärnström said:
“The focus on scalability across the Group has enabled us to deliver a new all-time high in underlying EBITDA for the quarter of GBP 27.1 million, up 47 per cent in GBP. Mobile was 56 per cent of gross winnings revenue compared with 51 percent in the third quarter.”
Leading Unibet’s offering in terms of revenues was its casino games, which generated £171.6m in revenues in 2015, followed by sports betting (£161.2m). While both these verticals reported an increase in business, poker, on the other hand, saw its revenues decline 9.52% to £7.6m, versus £8.4m for 2014. Nevertheless, this was still an improvement on the 38% decline noted in 2014.
Despite its waning poker fortunes, Unibet Poker still continues to be the 14th highest ranked poker site in the world with an average of 650 cash players over a 7-day period, according to tracking site PokerScout.
Unibet offers its online products to more than 13.5 million customers spread out across 100 countries. With the rise of online gambling, Unibet stands as a model of expansion and scalability in the growing iGaming market. Shares in Unibet Group plc have flucuated from 88.40 to 868.00 over the past 52 weeks, and as of today are trading at 89.05. This gives the company a market capitalization of 20.45 billion SEK.