Max Torres

Written By: Max Torres
October 20, 2017

Netent is preparing their 3Q results!

Betivity has learned just recently that on October 27th Netent will be presenting their 2017 third-quarter results of their company. It will be an excellent opportunity to meet with current and potential investors of NetEnt AB (publ) and tend to any additional questions that might present themselves at the event. Year after year, this gaming company provides strong numbers that further confirm they great position in the industry.

Netent, if you don’t already know, is a company founded in 1996 and is one of the leaders in gaming softwares across the online gambling industry. They have created over 200 online slot games, work with over 170 online casinos and employ over 1000 professionals. They have several offices throughout the globe and will probably increase this number in the future.

The presentation will be held at the company’s office in Stockholm and presented by their CEO and president, Per Erickson. Erickson has been the CEO of NetEnt AB (publ) since 2012 and will lead the presentation of the 3Q report, followed by a Q&A session.

Based on the Second Quarter in 2017, revenues increased by 15.5%, giving them a profit after tax of 17.9%. Netent also signed six new customer agreements as well as eight new online casinos. Other notable news from this quarter was a new license agreement in British Columbia, Canada. There launched in Serbia’s regulated market and table games were introduced in Spain. Based on what Erickson states, The quarter presented itself with a robust growth and higher profitability. The high numbers were thanks to mobile games, Great Britain and Italy.

In conclusion, we are happy that Netent is continually growing quarter through quarter. Betivity is excited to see how their numbers will look on October 27th, when the activity takes place. Also, we have our full review for Netent and which online casinos are using them at the moment.