The fastest growing egaming firms in Q3 2017
Global Gaming and Kindred enjoy market leading QoQ growth while BetStars is fastest growing sportsbook
Every quarter researchers at the Online Gambling Quarterly analyse revenue figures of various egaming companies ranging from operators and IT/service providers to affiliate companies and even entire markets (e.g., France, Denmark). In most cases the figures used are net revenues; however, in a few cases net revenues were not reported, and therefore the analysts took gross revenues or turnover instead.
Total revenue growth (YoY) – for more data click here
- On average, total revenues across all verticals grew 17% year-on-year in Q3
- Best practice growth (YoY) was achieved by affiliate firm Net Gaming with +725%
- Lowest/negative growth –Bet-at-home, Lotto24 and Zeal/Tipp24 case in at the bottom of the rankings (see full list here).
Total revenue growth (QoQ) – for more data click here
In many cases the YoY growth rates are exceptionally high due to acquisitions made in a previous quarter. Therefore, several leading companies in the YoY growth benchmarking (e.g., Net Gaming, Cherry) have those top positions more or less due to acquisitions made within the 12 months before the analysis. The researchers at Online Gambling Quarterly therefore decided to also analyse quarter-on-quarter growth (QoQ) benchmarks as well. Those growth rates might be impacted by seasonal effects (e.g., football season vs. no football season) and other changes, but these figures can provide a quick, current overview of the most recent growth dynamics while excluding effects of acquisitions in previous quarters.
- Average growth – On average, revenues grew in Q32017 by 2%.
- Best practice growth– Best practice growth (QoQ) were achieved by Global Gaming (+34%) and Kindred/Unibet (+16%).
Betting revenue growth analyses (YoY) – for more data click here
The Online Gambling Quarterly also analysed the development of the betting revenues (mostly net revenues) in the recent quarter with the following insights:
- Average growth – On average, betting revenues grew in Q3/2017 (compared to a year earlier) by +16% (YoY).
- Top growth rate – Best practice growth was achieved by Stars Group / Amaya with +71% (YoY).
- Lowest/negative growth – At the bottom of the ranking we find Bet-at-home and Mybet (see full ranking here).
For more financial analyses (e.g., H1 benchmarks, casino revenue growth) have a look at the full report here.