Good News for the Company: North America Drives Revenue
Things are looking up! Revenue hit €11.6m, a solid 9% jump from last year. Almost all (96%) of that came from North America. Even better, adjusted profits more than doubled, landing at €2.9m. Overall, they swung into the positive with a €2.7m profit and a healthy 23% margin.
While getting new customers was a bit tougher, the company is doing a great job keeping the ones they have and finding new ways to connect with them.
There was a one-time charge of €16.5m related to some sports assets in North America and adjustments to the casino business in Asia-Pacific.
“Steady Progress” is the Name of the Game
The CEO said that the latest quarter showed improvements in both revenue and profitability.
He highlighted that revenue was up 9% compared to last year (or 15% if you adjust for currency changes) and a whopping 22% compared to the previous quarter. Adjusted profits more than doubled compared to both last year and the previous quarter. This is thanks to having different ways to make money and a strong showing from search engine optimization, plus the cost-cutting measures they put in place earlier this year.
The CEO also gave a shout-out to the team for their hard work in delivering these results.
“The drive and resilience of our teams was instrumental to achieving the uplift in top-line growth and profitability.”
Tech Upgrades and New Platforms
The company is working on moving all its top brands to one tech platform to make things more efficient. This will create “a more scalable base for development.”
They also launched a new platform called MRKTPLAYS.com, which helps connect operators and affiliates. Early signs are promising, and the company is excited about growing this area.
SEO Still Important, but AI is Changing Things
Getting found through search engines is still a big deal, and the company’s rankings are holding steady. However, the CEO noted that AI is changing how people search online.
He cautioned that generative AI continues to reshape traditional traffic flows:
“The impact of AI on traditional SEO remains hard to forecast… Our strategy focuses on strengthening customer retention and maximising the value of our customer base through enhanced CRM capabilities, data-driven insights and loyalty initiatives.”
Casino Doing Well, Sports a Bit Slower
The casino business is doing well, thanks to platform upgrades and getting more data. Sports betting is a bit tougher, but the company is getting ready for the launch of regulated betting in Missouri in December.
Looking ahead, the CEO is cautiously optimistic about the company’s strategy:
“Given the industry headwinds from generative search and social sweepstakes casino, I remain cautious in our short-term outlook but am confident in the progress we are making. The combination of diversified revenue, disciplined operations and stronger search performance creates a platform for sustainable growth.”
He also thanked the employees for their hard work.
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