Online gaming operator and media firm Enlabs, formerly Nordic Leisure, has reported a rise in half-yearly revenue of almost a third.
For the period running to June 30, revenues totalled €18.4m (€14.1m), a 31 per cent increase. Adjusted EBITDA was €5.66m (€4.36m), with an adjusted EBITDA margin of 30.8 per cent (30.9 per cent).
For the second quarter, revenues were up by 35 per cent to €9.4m (€7.0m) and gaming revenues increased by 44 per cent to €8.6m (€6.0m). Deposits increased by 58 per cent to €27.9m (€17.7m).
Enlabs’ brands include Optibet, BestPoker and BestBingo and holds licences in Sweden, Latvia, Estonia and Lithuania.
Enlabs CEO and group president Robert Andersson said: “Again, we can boast having our best quarter yet. I am very pleased with our results in Q2 considering the period is historically the weakest of the year. Our gaming vertical continues to deliver strong results with all KPI’s hitting all-time highs for the period. Media has started to turn around, all while we achieved significant product development milestones.”
