Jackpotjoy’s turbulent year bears fruit

Jackpotjoy plc and subsidiary The Intertain Group posted year end results this week, reporting Group Revenue growth of 15 percent.

Key performance highlights for Intertain (now Jackpotjoy plc) for the 12 months ending December 31, 2016 include:

– Revenue rise of 15 percent to GBP 269 million.

– A drop in net losses of 63 percent to GBP 40.6 million.

– Adjusted EBITDA rose 19 percent to reach GBP 102.2 million.

– Adjusted net income of GBP 83.5 million, up 17 percent.

By division:

– Jackpotjoy revenue growth of 17 percent, adjusted net income growth of 34 percent.

– Vera&John revenue growth of 20 percent, adjusted net income growth of 124 percent.

– Mandalay revenue growth of 1 percent, adjusted net income growth of (23 percent).

– Average Active Customers grew to 235,584 in 2016, an increase of 15 percent.

– Average Real Money Gaming Revenue per month grew to GBP 20.3 million, an increase of 20 percent.

– Monthly Real Money Gaming Revenue per Average Active Customer of GBP 86, an increase of 4 percent.

– Revenues from regulated markets now account for 77 percent of overall revenues

Describing the past financial year as turbulent, chief executive officer Andy McIver believes the results demonstrate the strength of the Jackpotjoy brand.

“I am pleased to say that on a constant currency basis we achieved the high end of our market guidance. This is something I am particularly proud of given the strategic initiatives that were ongoing throughout 2016, and clearly demonstrates our ability to develop and grow our brands whilst also undertaking significant corporate-level activities.

“Looking ahead to 2017, I am excited about what the year holds for Jackpotjoy plc, following our listing on the London Stock Exchange in January 2017. I am confident that our strong portfolio of brands will continue to deliver strong organic growth and this is further evidenced by the 10% revenue growth year-on-year we are forecasting for Q1 2017. I look forward to updating you further on our progress throughout the year ahead.”

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