Cherry AB revenue nearly triples following ComeOn integration

Nordic online gambling operator Cherry AB nearly tripled its revenue in the first half of 2017 thanks mainly to last year’s acquisition of ComeOn.com.

Figures released Thursday show Cherry’s revenue jumping 192% to SEK 1.07b (US $133.5m) in the six months ending June 30. Earnings jumped 334% to SEK 176m while net profit nearly doubled to SEK 51m.

Cherry’s Q2 numbers were equally inflated, with revenue up 179% to SEK 536m, earnings up 524% to SEK 93m and profit nearly doubling to SEK 15m. Stripping aside contributions from the mid-2016 addition of Malta-licensed ComeOn.com, organic revenue growth was a still impressive 37%.

The second quarter was an active one, as Cherry finalized the purchase of the 51% of ComeOn! that it didn’t already own, while adding a 25% stake in gaming technology firm Highlight Games Ltd and boosting its stake in German-facing online casino and sportsbook operator Almor Holding Ltd.