Interwetten Q1 revenues increase 31% YoY
Operator reports 29% growth in German-speaking markets, while revenues from Greece and Spain also rise
Malta-licensed operator Interwetten has announced a 31% year-on-year rise in Q1 2016 revenues after reporting double-digit growth across the firm’s core markets.
Gross gaming revenue (GGR) stood at ?16m (?12.8m) for the three months ended 31 March, up from ?12.2m (?9.7m) in the same period last year, with a huge 75% rise in Greece and 23% in Spain.
The increase in revenues during the quarter helped the operator record EBITDA of ?3.9m (?3.1m), up 86% year-on-year compared to Q1 2014.
And Werner Becher, a spokesperson for Interwetten’s board of directors, said he was pleased to see growth in the operator’s major territories.
“Twenty-nine percent growth in German speaking countries in addition to a strong performance in our licensed markets, as well as 51% growth in our other markets, underlines that Interwetten is very successful in pre-regulated and regulated markets alike,” he said.
This week’s financial results precede the launch of the operator’s ‘Interwetten Live’ mobile app which it plans to release ahead of the 2016 UEFA European Championship in June.
The live score mobile product will be available in both the Google Play and Apple app stores and backed by a new TV advertising campaign in the coming weeks.
According to today’s figures, mobile accounted for 54% of sportsbook revenues and 41% of gaming revenues during Q1 2015.