Daily fantasy sports provider Scout Gaming has reported a revenue increase of 125 per cent to SEK8.1m (£0.64m) for Q3 2019.
Scout’s client activity increased during the third quarter, illustrated by the operator index – an illustration of underlying client activity – which went up to 900 (465), a growth of 94 per cent compared to the same quarter last year which included activity peaks from the football World Cup.
During the period, Scout Gaming entered into an agreement with Eurovision Sport, a division within the European Broadcasting Union. A first targeted partner gained access and launched Scout’s product offering during the fourth quarter. The agreement stipulates that Scout Gaming will provide platform licenses to Eurovision Sport, its partners and EBU members.
CEO Andreas Ternstrom said: ”I am delighted to look back at a successful quarter in which we fulfilled the objective to increase revenues significantly during the second half of 2019.
“During the third quarter, after an initial learning period regarding Scout’s offering, major clients have started to market our products. We have contracted and launched new clients, increased our prize pools and launched new betting related games such as our internal sportsbook, covering fantasy markets. This has resulted in all-time high revenues and improved profitability measures across the border.”
