Online gambling operator Unibet hit another all-time revenue high in its Q3 results as mobile became the company’s dominant betting channel.
Revenue in the three months ending Sept. 30 was up 7% year-on-year to £86.1m although earnings fell 20% to £17.4m, which the company blamed on negative currency exchange rates and lower sports betting margins.
Sports betting turnover rose nearly one-quarter but margins slipped 1.5 points to 7.7%, limiting sports revenue to £38.9m, up 4% year-on-year. Casino & Games revenue improved 15% to £42.3m while poker tumbled 25% to £1.3m after posting a 12% gain in Q2. ‘Other’ revenue was also down, falling 23% to £2.7m.
Mobile wagering improved 47% year-on-year, growing to 51% of revenue, the first time mobile betting has topped the desktop share. The company says overall trading in the current quarter is up 30% in constant currency terms, despite lower sports margins in October.