Q2 revenue reached €271.8m, showing a notable 14.8% increase from the previous year. The number of active players climbed to 1,404,147, driving customer deposits to a record high of €1.43bn.
Growth in core verticals
The core casino and sports betting verticals experienced significant growth. Casino revenue surged by 15.8%, while sportsbook revenue saw a 12.8% rise, contributing to the overall financial success of the quarter.
Regional revenue growth overview
Revenue growth showed significant variation across different regions. The Central and Eastern Europe, and Central Asia (CEECA) region emerged as the primary revenue generator, achieving €114.0 million, an increase of 11.1%. In Latin America, revenue surged by 21.8%, marking a robust growth trajectory.
Western Europe and Nordic revenue analysis
Western Europe experienced an impressive revenue growth of 61.9%, highlighting its burgeoning market appeal. Contrarily, the Nordics faced a revenue decline of 8.5%, indicating regional economic challenges.
Global revenue insights
Revenue from the rest of the world decreased by 6.6%, reflecting diverse economic conditions across global markets.
Q2 performance highlights
Our Q2 financial results showcase strong growth metrics, reinforcing our market position.
| Metric | Value | Change |
|---|---|---|
| Gross Profit | €54.3m | +8.8% |
| Operating Profit | €42.0m | +18.2% |
| Pre-tax Profit | €57.1m | +9.6% |
| Net Profit | €44.4m | -4.7% |
| EBITDA | €77.6m | +14.8% |
Detailed financial analysis
Gross profit increased by a notable 8.8%, reaching €54.3 million. This growth underscores the efficiency of our core operations. Operating profit demonstrated an impressive rise of 18.2%, totaling €42.0 million. Pre-tax profit recorded a 9.6% increase, amounting to €57.1 million.
Despite these gains, net profit for Q2 experienced a decline of 4.7% year-on-year, settling at €44.4 million. However, our EBITDA marked a commendable 14.8% increase, reaching €77.6 million.
In the first half of the year, revenue soared by 13.3% to €519.7 million. Gross profit experienced a 9.9% boost, while operating profit surged by 25.1%. Pre-tax profit marked a significant rise, reaching €111.6 million, representing a 20.0% increase. Net profit for the initial six months hit €87.2 million, showcasing a year-on-year growth of 4.4%. EBITDA demonstrated substantial growth, leaping 22.4% to €149.2 million.
