Unibet Announces Profitability
Unibet Rakes in the Profits
During the end of the first decade of the 21st Century, Unibet was considered a staple of the sports betting market. They did not really feature in the casino market. Vibrant strategic thinking prevailed, and Unibet increased their software providers, effectively creating more casino games and providing a better, fuller gambling experience. Unibet thus entered the casino gaming lists around the world. Unsurprisingly this strategic development coincided with record financial results.
Unibet sports betting products are still delivering excellent returns, but the increase in casino game offerings, and, importantly their recognition as a player in the market is what has been the fundamental driver for the Unibet announces profitability growth. The selection of casino games that Unibet has on offer is also genuinely highly competitive, since some of the best developers have been used. Microgaming, Net Entertainment as well as IGT, Williams Interactive and Quckspin are all in the Unibet stable.
A Leading Brand
Nowadays, as we head into the latter part of the second decade of the century, Unibet announces profitability has become a standard casino time’s headline. At the same time, Unibet has become recognised as a provider of a broad selection of quality casino games. Certainly not a coincidence.
The Unibet Group’s recently released information about its financial performance included a 21% increase in organic growth. This is credited to marketing investments, largely based in social and online publicity efforts. Obviously this marketing ‘investment’ has produced a consequential increase in the winning revenue, a revenue that is in excess of $300 million annually. This is a significant value, and underlines the ‘Unibet Announces Profitability’ announcement firmly placing Unibet in a large casino revenue earner. The financial growth, importantly, has been in constant currency and has been achieved on top of the previous years’ results which were considered extremely good anyway due to Unibets’ capitalisation on the FIFA World Cup.
In more sector specific detail, Unibet announces profitability in their mobile operations, which increased by 48% in turnover. Sports book revenues grew by 12% in an already established market, signifying growth strength and market share increase, which bodes well for the core business. The casino and the real money bingo games operations are at an all-time high. This strong organic growth across all sector of the group, and increased overall gross winnings revenue has led to the understated ‘Unibet Announces Profitability’, for the growth in all sectors such as this indicates strong corporate growth, market share increase and a developing reputation. In addition, the figures show that there is an increased market generally, and more and more people online are enjoying casino games, slot machines and sports books. It also vindicates the marketing investment as the entire online market and online spending is also a growing market.
The corporate value of Unibet, or EBITDA, amounts £19 million for the three month period. This is a 13% year on year growth and a 39% revenue increase in constant currency. Unibet has also reported, which is an interesting development, that they had a total of 603,528 active customers currently n their books. And, obviously enjoying the gaming platform with all associated benefits, bonuses and variations. A completely successful strategic improvement over the recent medium term.