NetEnt sets new revenue and profit records in Q4

Online gambling software outfit NetEnt sets new revenue and profit records for the final quarter, reaping benefits from growing demands of its innovative gaming solutions.

Revenue for the final quarter of the year rose 34% to SEK323.1 million while operating profit jumped 51.6% to SEK121.8 million and profit after tax amounted to SEK 115.7 (77.1) million, up 50%. Operating margin for Q4 improved to 37.7%, the highest level since early 2010.

During the quarter, NetEnt also penned 14 new license agreements and 16 of its customers launched their new casinos. The company saw some of its clients in New Jersey, Golden Nugget, Caesars Interactive and Resorts Casino, go live with its games, and in addition to Gala Coral launching NetEnt games in the UK and Codere in Spain.

NetEnt CEO Per Eriksson said that the UK market and mobile games continue to be important growth drivers.