Caesars Interactive Entertainment (CIE) reported another record quarter thanks to its ability to convince more social gamers to open their wallets.
Revenue in the three months ending Sept. 30 rose 20.4% to a record $194.5m, while adjusted earnings rose 36% to $72.7m and operating income more than doubled to $42.5m. CIE reported a $25.7m profit in Q3 versus a $2.9m loss in the same period last year.
As with previous quarters, the overwhelming bulk ($183.5m, +21%) of CIE’s revenue came from its social and mobile games. By comparison, CIE’s real-money online gambling operations in Nevada and New Jersey, combined with the World Series of Poker business, contributed just $11m to the revenue pie, up around 7% year-on-year.
CIE’s social and mobile player metrics continue to impress, with the key average revenue per user figure hitting 33¢, up 4¢ year-on-year. The number of average monthly unique payers rose more than 44% year-on-year to 860k, or 4.6% of average monthly unique users, despite average monthly unique users increasing only 13% over the same span.