Which operators have grown the fastest this year?
The Online Gambling Quarterly analyses the key financial figures of online gaming companies in Q1 2018
In this article the analysts at Online Gambling Quarterly share some revenue growth benchmarks of the recent quarter. In Q1 2018 Global Gaming led year-on-year (YoY) revenue growth with an increase of 266%; the average YoY growth in the quarter of all online gambling companies analysed was +22%. Regarding the quarter-on-quarter (QoQ) growth, best practice growth was achieved by Lotto24 (+32%).
Every quarter the researchers of the Online Gambling Quarterly have a look at the revenue figures of various online gaming companies, ranging from operators and IT/service providers to affiliate companies and even accumulated figures of entire markets. In most cases the figures used are net revenues; however, in a few cases net revenues were not reported, and therefore the analysts took gross revenues 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 2018 development of the total revenue the researchers provide following insights:
On average, total revenues (all verticals, …) grew 22% YoY in Q1
Best practice growth (YoY) was achieved by Global Gaming with +266%. The key B2C brand is Ninja Casino, which was launched in spring 2017 and has mobile share of ca. 71%
Lowest/negative growth – At the bottom of the ranking we find Paddy Power Betfair, Ahaworld, and bet-at-home (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 benchmarks as well. Those growth rates might be impacted by seasonal effects (e.g., football season vs. 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 2018 grew by 2% compared to Q4 2017
Best practice growth (QoQ) – Best practice growth was achieved by Lotto24 (+32%)
Betting revenue growth analyses (YoY) – for more data click here
The Online Gambling Quarterly also analysed the development of the betting revenues (mostly net revenues) in the recent quarter with the following insights:
Average growth – On average, betting revenues grew in Q1 2018 by 17%
Top growth rate – Best practice growth was achieved by The Stars Group with +298% 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.