Online gambling operator Unibet released information about its performance during the third quarter of the year and the nine months ended September 30, 2015. Gross winnings revenue for the three-month period in review amounted to £86.1 million compared to £80.4 million reported for the third quarter of 2014.
The operator reported gross winnings revenue of £242.7 million for the nine months ended September 30. In comparison, the amount of £234 million was posted for the same period a year ago.
Revenue from sports betting amounted to £39.8 million in the third quarter of the year and to £110.2 million in the nine months ended September 30. Revenue from other gambling products offered by Unibet amounted to £46.3 million in the three months ended September 30 and to £132.5 million in the first nine months of the year.
The company also noted that its mobile segment grew even more during the third quarter of the year. In 2014, it grew 47% and in 2015, revenue from mobile operations accounted for 51% of the overall gross winnings revenue. Thus, it could be said that mobile products currently represent Unibet’s largest channel.
Third-quarter EBITDA totaled £17.4 million compared to the £21.7 million posted for the same period a year ago. EBITDA for the first nine months of 2015 amounted to £50.8 million. In comparison, the amount of £96.8 million was posted for the same period a year ago.
Underlying EBITDA of £19.6 million was reported for the third quarter compared to £21.7 million reported for the three months ended September 30, 2014. The company attributed the decrease to lower sports betting margins and a 13% impact of the changes in exchange rates. Underlying EBITDA for the first nine months of the year amounted to £53.7 million compared to £59.3 million posted for the nine-month period ended September 30, 2014.
Profit before tax totaled £14.4 million for the third quarter and £40.9 million for the first nine months of the year. Profit after tax amounted to £12.9 million in the three months ended September 30 and to £36.3 million for the nine months ended September 30.
During the third quarter of the year, Unibet completed the acquisition of the iGame Group and Stan James’ online business. The iGame group contributed £0.7 million to the operator’s gross winnings revenue for the three months ended September 30 and £0.1 million in profit before tax. As for Stan James Online, it did not contribute to the overall figures posted for the period as its acquisition was completed on September 30.
