Unibet posts new revenue record, Kambi celebrates Euro 2016 boost

Stockholm-listed online betting operator Unibet enjoyed a record performance in Q3 as revenue shot up nearly two-thirds.

Figures released Wednesday show Unibet generating revenue of £142.3m in the three months ending September 30, a 65% improvement over the same period last year and a new company record. Earnings nearly doubled to £33.1m while profit after tax spiked 63% to £21m.

Unibet credited the surge to “pure activity growth” following a successful customer acquisition program ahead of this summer’s UEFA Euro 2016 football tournament. Recent acquisitions Stan James Online and iGame Group contributed revenue of £14.8m and earnings of £5.7m to Q3’s totals. Discounting the new additions, organic revenue growth was 27% higher year-on-year.

Casino & Games revenue rose 62% to £68.5m to claim the lion’s share of the overall pie. Poker more than doubled to £3.2m, allowing Unibet to humble-brag that its poker division was “the fastest growing licensed poker site in the industry” following the debut of its new Unibet 2.0 software.