NetEnt has record 39 customers waiting in launch pipeline

Online gambling technology provider NetEnt kicked off 2017 with a bang, setting a record for the number of new customer signings while struggling to deal with a backlog of operators waiting to launch.

On Thursday, NetEnt released an interim report covering the first three months of 2017, during which revenue rose 15.2% to SEK 398m (US $44.2m), operating profit gained 6.3% to SEK 136m and after-tax profit improved 1.8% to SEK 124m.

NetEnt inked a record 15 new customer agreements in Q1, while launching its products with six new customers, including Codere, which marked NetEnt’s debut in Mexico’s gaming market. NetEnt currently has 39 operators in its pipeline waiting to launch, another new record, putting the company on firm footing for future growth.

NetEnt CEO Per Eriksson said the Q1 performance was all the more impressive given the comparison with a “very strong” Q1 2016. Mobile continued its strong growth in Q1, accounting for a record 47% of revenue.