Unibet’s record quarter driven by Euro 2016, acquisitions; Kambi inks R Franco

Online gambling operator Unibet continues to set new records in what is shaping up as a banner year for the company.

Figures released Wednesday show revenue rising 57% year-on-year to £126.6m in the three months ending June 30. Earnings totaled £22m, up from £19m in the same period last year, but profit after tax was up only £100k to £13.5m due to heavy marketing surrounding the Euro 2016 football tournament.

The revenue gains were aided by £14.7m in contributions from recent acquisitions Stan James Online and iGame Group. Absent these contributions, revenue was up 39% while earnings would have fallen 8% to £17.4m.

Euro 2016 betting generated revenue of £19.6m and a hefty 14% betting margin. The tourney also helped drive active customer numbers to 1.13m at the end of Q2, nearly twice the 603k at the end of Q2 2015. Around 216k of these new customers came via the Stan James and iGame acquisitions.