Super Group guidance change prompts even more questions
It’s fair to say the markets’ reaction to Super Group’s announcement that it would be “tough to meet or exceed 2022 revenue guidance” was bad. Its shares were down 27% on the day and listening to the investor call, it was clear there was surprise and, even, a tinge of anger in some of the […]
Rank hit hard by the pandemic storm
Rank FY The top line Underlying net revenues dived 50% to £288.2m, tipping the company into an operating loss of £84.5m. Grosvenor Casinos saw a 71% fall in NGR, Mecca Bingo was off by 57%, international venues was down 35% and digital NGR was down 6% to £136.3m. As of the end of June, Rank […]
Evolution growth
Evolution Q121 The top line Revenues soared 105% YoY to €235.8m (32.8% QoQ rise). EBITDA up 150% to €160.1m (66.4% QoQ). Live casino (77% mix) accounted for the majority of revenue growth, up 60% YoY; RNG (33% mix) up 6% YoY. Integration with NetEnt completed nine months ahead of schedule. All about the margin: The […]