NetEnt Successfully Smashes Records in 2016

NetEnt Successfully Smashes Records in 2016

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NetEnt’s Q4 and year-end 2016 reports have revealed that the Swedish-based online casino games and software provider had its strongest year yet with a boost in full-year revenue of more than 28 percent and a profit spike of 35 percent.

In the final three months of 2016, the company’s revenue climbed 24 percent to SEK 400 million. After tax, profits experienced a 30 percent surge, rising to SEK 150 million. Meanwhile, operating profit boosted 28 percent to SEK 156 million. This final quarter of 2016 ensured an overall outstanding year for NetEnt, with profits reaching SEK 504 million, operating profits boosting to SEK 536 million, and revenue climbing to a record breaking total of SEK 1.4 billion.

One of the primary reasons NetEnt has maintained its success is the continuous flow of new casino operators signing up with the provider to license its amazing portfolio of games. Last year, the company signed up 45 new customers, breaking its own record. It also helped to launch 35 casinos powered by its platform and has an additional 31 in the launching process.

Plus, in addition to extending its reach to the Bulgarian, Mexican and Portuguese markets, the UK has become the company’s largest regional market.

Per Eriksson, CEO of NetEnt, said in a statement that “2016 was another exciting year for NetEnt with new record levels in revenues, earnings and cash flow.” Eriksson added that 2017 is likely to maintain its solid evolution due to the support of “a strong pipeline of new games, UK, mobile, new customers to launch as well as our expansion in North America.”

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