Jackpotjoy plc showcase progress in first quarter report

In a first quarter report, online bingo-led operator Jackpotjoy plc highlighted an 11 percent increase in gaming revenue amounting to GBP 71.4 million (Q1/2016: GBP 64.2 million) and adjusted EBITDA of GBP 29.2 million, up 4 percent y-o-y.

However, an 11 percent decline in adjusted net income was attributed to higher interest expenses from an additional debt facility obtained in Q4 2016, and the impact of income earned from the revenue guarantee in the prior year.

Jackpotjoy contributes 71 percent of Group revenue presently, followed by Vera&John 22 percent, and Mandalay, 7 percent.

“The past quarter has been an exciting time for the Group as we have settled into our new home on
the London Stock Exchange,” Andrew McIver, CEO of Jackpotjoy, said.

“Group trading has continued to be in line with our expectations and we remain confident that we will grow in line with the market during 2017.”