Netent, one of the world’s leading online casino providers, had a record year in 2013, seeing $97.9 in revenues which is a 19.8% increase from 2012. Profits after tax was a massive $25.87 million, leaving Netent with a 29.1% profit margin on their overall revenue.
Part of the success is coming from good investments made in 2012, but also from signing 27 new license agreements and launching 20 new online casinos in 2013. Mobile gaming has also increased the revenue and profits for Netent, providing some of the best online casino games for mobile units in the industry. Per Eriksson, CEO of Netent, made the following comment:
“Year 2013 has been a fantastic year and Net Entertainment has started to see the effect from several investments that were carried out during 2012 and revenues reached record levels.”
“The fourth quarter is the strongest quarter during a fiscal year and revenues increased 25 percent compared to last year. The operating margin amounted to 31 percent. Net Entertainment also broke a record in the number of game transactions, which increased by 31 percent in the fourth quarter. For the full year the number of game transactions increased 32 percent to 16.2 billion. “