9 January 2013 – trading update
The company has reported a strong end to 2013, with a 33% increase in total net revenue in the final quarter to £7.9m (2012: £5.9m). There was a 12% increase in new depositing players to 15,648 (2012: 13,974) and a 27% increase in active depositing players to 32,163 (2012: 25,376). There has been exciting growth in mobile and tablet net revenue, which was up 121% on the same period in 2012 and now represents 30% of total net revenue versus 18% a year earlier. Full year EBITDA is expected to be at top end of market expectations. Given the strong growth which is being delivered we feel that the shares remain a BUY.