Revenues for the third quarter amounted to SEK521m (SEK443m in 2019) for NetEnt, while EBITDA was SEK310m (SEK196m), corresponding to a margin of 59.4 (44.3) per cent.
EBIT was SEK204m (SEK112m), corresponding to a margin of 39.2 (25.3) per cent. Excluding non-recurring costs, EBITDA was SEK313m (SEK221m) and EBIT was SEK207m (SEK137m). Earnings after tax amounted to SE167m (SEK76m) and earnings per share was SEK0.68 (SEK0.32) after dilution.
Therese Hillman, group CEO, said: "During the quarter we continued to invest in our strategic growth areas USA, Red Tiger and Live Casino, while driving cost and revenue synergies from the ongoing integration between NetEnt and Red Tiger.
"Underlying EBITDA amounted to SEK 313m, corresponding to a record margin of 60 per cent. Given our new lower cost base, the operating leverage of our business and our strong product pipeline, we expect continued strong growth in earnings and cash flow for the rest of the year and beyond."
