Unibet is having a great year so far, as they have just released their profit numbers for the first quarter of 2014, which shows a 14% increase in gross winnings year-on-year, reaching levels of £67.6 million in total. The increase comes from a large growth in the sports betting sector and profits are up 33% pure organically.
Unibet had a sports betting margin of 8% after free bets, which shows the strength of the company. With a massive 552,338 active customers in the database in the first quarter, Unibet have around 60,000 more active customers than in the same period last year, where they had 489,923 active customers.
Furthermore the mobile segment is growing at a rapid rate and is now a very important part of Unibet, as mobile games were responsible for 31% of the total gross winnings the company made. Henrik Tjarnstrom, CEO of Unibet made the following comment.
“Sports betting turnover is up by 18 per cent (26 per cent in local currency) and casino gross winnings revenue is up by 15 per cent (23 per cent in local currency) for the period to 27 April 2014. As the sports betting margin for the first weeks of April has been below the long term average, the average daily revenue for the period to 27 April 2014 is similar to the average for the second quarter 2013 in GBP but 7 per cent higher in local currencies,”