Online Gambling Quarterly: Scout Gaming leads revenue growth in Q1 2020

In Q1 2020, Scout Gaming led revenue YoY growth (compared to the previous year) with an increase of 149% (YoY); the average YoY growth in the quarter of all online gambling companies analysed was 14%. Regarding the quarter-on-quarter (QoQ) growth (compared to the previous quarter Q4 2019) best practice growth was achieved by Angler Gaming (13%).

Every quarter the researchers of the Online Gambling Quarterly have a look at the revenue figures of various egaming companies, ranging from operators and IT/service providers to affiliate companies and even cumulated figures of entire markets (e.g., France, Denmark…). In most cases, the figures used are net revenue; however, in a few cases net revenue were not reported, and therefore the analysts took gross revenue or turnover instead.

Total revenue growth analyses (YoY) – for more data click here

The Online Gambling Quarterly analyses the total revenue figure across all segments and the revenue development for each vertical. For the Q1 2020 development of the total revenue, the researchers provided the following insights:

– On average, total revenue (all verticals) grew in Q1 2020 by 14% (YoY)

– Best practice growth (YoY) was achieved by Scout Gaming with +149%. Scout Gaming is a B2B provider of daily fantasy sports and betting solutions. Scout started the year at a high pace and maintained its good momentum from Q4 2019. Revenue increased by 149% to SEK8.7m, and all profit measures compared to the corresponding quarter of the previous year continued to improve.

– Lowest/negative growth: At the bottom of the ranking we find Zeal/Tipp24 and Global Gaming (see full ranking here).

Total revenue growth analyses (QoQ) – for more data click here

In many cases, the YoY growth rates are exceptionally high due to acquisitions made in a previous quarter – an effect that carries through for consecutive quarters after the acquisition. Therefore, several leading companies in the YoY growth benchmarking have those top positions more or less due to acquisitions made within the 12 months before the analysis. The researchers at Online Gambling Quarterly have therefore decided to also analyse QoQ growth benchmarks as well. Those growth rates might be impacted by seasonal effects (e.g., football season versus no football season) and other changes, but these figures can provide a quick, current overview of the most recent growth dynamics while excluding effects of acquisitions in previous quarters.

– Average growth: On average, revenues grew in Q1 2020 (compared to the previous quarter Q4 2019 – QoQ) by 2%.

– Best practice growth: Best practice growth (QoQ) were achieved by Angler Gaming (+13%).

 Betting revenue growth analyses (YoY) – for more data click here

The Online Gambling Quarterly also analysed the development of betting revenue (mostly net revenue) in the recent quarter with the following insights:

– Average growth: On average, betting revenue grew in Q1 2020 (compared to a year earlier) by 10% (YoY).

– Top growth rate: Best practice growth was achieved by Betsson with +29% (YoY).

– Lowest/negative growth: At the bottom of the ranking we find Bet-at-home (see full ranking here).

For more financial analyses (e.g., casino revenue growth, …) have a look at the full report here.

The Online Gambling Quarterly regularly provides various in-depth analyses of key financial figures of egaming companies.