Acquisitions boost Stride Gaming full-year result

It has been an exceptional year for Stride Gaming says boss, with acquisition playing an integral part of the group’s growth.

UK-listed online bingo operator Stride Gaming has announced its full year results ending August 31st, posting a net gaming revenue amounted to £27.8m, a 227% growth year-on-year from £8.5 million posted for the same period a year ago.

Revenue from mobile and touch accounted for 48.9% of overall net gaming revenue, compared to 19.7% of the overall figure posted for the previous fiscal year.

The increase is attributable to its acquisition of the Table Top Entertainment brands in September 2014; gaming platform from Nextec Software Inc for £14.7m as well as Spacebar Media for consideration of £6m. The company has also acquired InfiApps for up to $40m to move into the social gaming segment of online gaming