Healthy Rise In Profits For NetEnt In First Quarter

NetEnt, which is one of the largest and most influential companies in the online gambling industry, has had a great start to 2016. Recently published financial results show that the company, which has helped drive the online gambling industry forward since 1996, is not slowing down any time soon.

First Quarter Results

Here are some of the first quarter results that show just how much of a success NetEnt is compared to the first quarter of 2015:- Revenue was up from SEK 258.3 million to SEK 345.4 million, a 33.7% increase- Operating profit rose from SEK 81.1 million to SEK 128.1 million, a 56.6% increase- Operating margin rose from 31.7% to 37.1%- Post-tax profit rose from SEK 74.2 million to SEK 121.7 million, a 64.1% increaseHealthy Rise In Profits For NetEnt In First Quarter

New Releases And Awards

In addition to achieving some very impressive financial results, NetEnt has had a busy first quarter, releasing new games and making important new connections. January saw the release of the Guns N Roses slot, which is the first in a series of rock-themed slots, with slots themed after Motörhead and Jimi Hendrix coming soon. NetEnt won a series of awards at the EGR Nordic Awards, the Gaming Intelligence Awards and the International Gaming Awards; as well as this, the company became an associated member of the World Lottery Association and signed a licensing agreement with PokerStars in New Jersey, with numerous games launched.

Mobile Gaming

Overall, gaming transactions across NetEnt casinos were up 37% to a staggering 8.7 billion. Mobile gaming is becoming more important for NetEnt, with roughly a third of the company’s income coming from mobile casinos, compared to 21% in the first quarter of 2015.Expansions efforts are underway, with eight new casinos launched and nine new licensing agreements signed in the first quarter. NetEnt is continuing to establish its presence in the European and North American markets, and it’s clear from the company’s financial results that these efforts are paying off.

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