Jackpotjoy plc has given a fantastic performance in its newest first quarter results reporting a 13 percent rise in combined gaming revenue year-on-year driven by 7% revenue growth in the Jackpotjoy segment along with also an impressive 35 percent rise in revenue from Vera&John.
By section, Jackpotjoy now leads 74 percent of group revenue of which Starspins as well as the Botemania brands are responsible for 24 percent. Vera&John delivers 26 percent of group revenue.
A drop in adjusted EBITDA was credited to advertising costs and the use of POC taxation to gross gaming revenue in the united kingdom at the past quarter of 2017.
The company is going in the right direction concerning adjusted net debt which was reported in GBP 379.9 million down from GBP 387.3 million in December 2017. The decrease in net debt remains a key strategic target for the Group.
Neil Goulden, Executive Chairman, commented:
“The first quarter has seen a continuation at the good inherent momentum we saw at 2017.
“I’m confident that we’ll continue to induce good growth and attractive returns for our shareholders over the remainder of FY18 and beyond. ”
