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Organic growth lifts Intertain H1 revenues 22%

Toronto-listed firm also reports record levels of mobile usage on Jackpotjoy UK

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Intertain has posted 22% revenue growth for the first six months of 2016, on the back of organic growth “across all segments” and increasing mobile participation.

Total H1 revenues reached C$118.8m (£70m), while adjusted EBITDA increased by 34% year-on-year to $43.4m (£25.5m).

Growth was shared across the company’s key brands, with Jackpotjoy revenues up 19% to $82.3m (£48.6m), Vera&John up 37% to $24.7m (£14.6m), while Mandalay revenues grew 8% to $10.1m (£6m).

“Intertain had a strong second quarter, with all business segments improving on their results from the same period last year,” said newly-appointed CEO Andrew McIver.

“We’ve also made a substantial investment in marketing in order to drive growth over future quarters.

“Increasing shareholder value remains my key objective, and all efforts going forward will be focused on positioning the Company for long-term growth and success.”

The Toronto-listed firm also highlighted its surging mobile channel, as a record 47% of Jackpotjoy UK revenues came from handheld devices, and Jackpotjoy Sweden launched a new mobile platform on 3 August.

The firm, which still made a net loss of $27.5m (£16m), also reaffirmed its plan to relocate to London and list on the London Stock Exchange.

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