Which were the fastest growing operators in Q4 2017?
In its latest article for EGR, Online Gambling Quarterly analyses the top-performing online gambling brands in the final quarter of 2017
The Online Gambling Quarterly regularly provides in-depth analyses of key financial figures of online gaming companies. In this article, the analysts share some revenue growth benchmarks of the recent quarter.
In Q4/2017 Global Gaming led with regards to year-on-year (YoY) revenue growth with an increase of 451%; the average YoY-growth in the quarter of all online gambling companies analysed was +24%. Regarding the QoQ-growth, best practice was achieved by Zeal/Tipp24 (+33%).
Every quarter the researchers of the Online Gambling Quarterly have a look at the revenue figures of various online gaming companies ranging from operators and IT/service providers to affiliate companies and even accumulated 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 analyses (YoY) – for more data click here
The Online Gambling Quarterly analyses the total revenue figure across all segments and the revenue development for each vertical. For the Q4/2017 development of the total revenue the researchers provide following insights:
On average, total revenues (all verticals) grew 24% YoY in Q4 2017
Best practice growth was achieved by Global Gaming with +451%. The company’s key B2C brand is Ninja Casino, which was launched in spring 2017 and has mobile share of ca. 71%
Lowest/negative growth – At the bottom of the ranking we find bet-at-home, Lotto24 and Ahaworld (see full ranking here)
Total revenue growth analyses (QoQ) – for more data click here
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 15% YoY in Q4 2017
Best practice growth (QoQ) – Best practice growth (QoQ) was achieved by Zeal/Tipp24 (+33%) and Global Gaming (+33%)
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 44% YoY in Q4 2017
Top growth rate – Best practice growth was achieved by France total (ARJEL) with +85% YoY
Lowest/negative growth – At the bottom of the ranking we find bet-at-home (see full ranking here).
For more financial analyses (e.g., H1 benchmarks, casino revenue growth, …) have a look at the full report here.


