Which gambling companies grew fastest in Q2?

Every quarter the researchers of the Online Gambling Quarterly look at the revenue figures of various iGaming companies ranging from operators and service providers to affiliate companies and even cumulated figures of entire markets. 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 (click here for more data)

The Online Gambling Quarterly analyses the total revenue figure across all segments and the revenue development for each vertical. For Q2/2018 the researchers provide following insights:

• On average, total revenues (all verticals) grew i by +27% (YoY)
• Best growth (YoY) was achieved by Global Gaming with +133%. The key offer B2C brand is Ninja Casino, which was launched in spring 2017 and has mobile share of ca. 73%.
• Lowest/negative growth – At the bottom of the ranking we find Bet-at-home and Zeal/Tipp24 (see full ranking here).

Total revenue growth QoQ (click here for more data)

In many cases the YoY growth rates are exceptionally high due to acquisitions made in a previous quarter – an effect that carries through for consecutive quarters after the acquisition. 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 have 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 Q2/2018 (compared to the previous quarter Q1/2018 – QoQ) by +10%.
• Best practice growth (QoQ) – Best practice growth (QoQ) were achieved by Churchill Downs (+49%) and Karamba (+44%).

Betting revenue growth YoY (click here for more data )

• Average growth – On average, betting revenues grew in Q2/2018 (compared to a year earlier) by +28% (YoY).
• Top growth rate – Best practice growth was achieved by Stars Group with +816% (YoY).
• Lowest/negative growth – At the bottom of the ranking we find Bet-at-home.

For more financial analyses (e.g. H1 benchmarks, casino revenue growth, …) have a look at the full report here.