UK gaming firm Netplay TV sees revenues soar on the back of mobiles and tablets
In online gambling news, UK-based interactive gaming company Netplay TV has cited continued growth in mobile and tablet revenues during the three months to December 31 as a key factor behind its solid end to 2013. According to the firm, mobile and tablet net revenue grew 121% year-on-year during the most recent quarter. Mobile and tablet revenue now accounts for 30% of total net revenue, up from 18% in the fourth quarter of 2012.
Netplay TV also recorded total net revenue of $13 million for the most recent quarter, a 33% increase on the £5.9 million posted in Q4 of 2012. The figure was also a 22% rise on the third quarter of 2013.
Financial future looks bright
Additionally the company experienced a 12% year-on-year rise in new depositing players, with the figure increasing to 15,648 in the most recent quarter – also an 11% rise on Q3 of 2013. Under UK gambling laws, there are hefty taxes to pay but the profits are still good.
“The directors are pleased with this continued strong performance and are confident that the company will meet full year market expectations with full year EBITDA at the top end of expectations,” the company said.
Netplay TV additionally noted that it expects its earnings before interest, tax, depreciation and amortization to be at the top end of market expectations in 2014.