Finance

NetEnt revenues up 15% on record customer sign-ups

Q1 revenues hit £35m but profit margins slip due to growing office and IT costs

NetEnt this morning reported a 15% rise in Q1 revenues to SEK 398m (£35m) on the strength of a record number of new customers and growth in regulated markets. The supplier’s operating profits also grew 6% year-on-year to SEK 136 (£12m), although this was a slightly lower increase compared to Q1 2016 due to higher…

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