Netplay TV reports solid second quarter

The online and interactive television betting company NetPlay TV plc has posted a strong set of second quarter result and a trading update, reporting:

* 38 percent increase in new depositing players to 20,607 (Q2 2013: 14,906)

* 33 percent increase in quarterly active depositing players to 37,691 (Q2 2012: 28,261)

* 5 percent increase in total net revenue to GBP 7.4 million (Q2 2013: GBP 7.1 million)

* Over 50 percent of all new customer registrations have come from mobile or tablet

Management reported that net revenue derived from SuperCasino was slower in the latter part of the quarter as result of the football World Cup and a moderate softening of the marketing output for SuperCasino on Channel 5. This was mitigated in part by a strong start to the quarter and the directors expect that with the conclusion the World Cup, revenues will return to similar levels as those seen at the beginning of the quarter.

Mobile and tablet have again performed well with Q3 being the first quarter where over 50 percent of all new customer registrations have come from mobile or tablet. In addition 36 percent of net revenue was generated through mobile and tablet in the quarter (Q2 2013: 26 percent of net revenue was generated through mobile and tablet).

The company is working on mitigation tactics regarding the impending point-of-consumption tax regulations in the UK, preparing itself through consolidation of certain locations and other cost base efficiencies.

The company expects to issue its interim results on 11 September 2014.