Unibet has posted record winnings for the third quarter of 2015 at £86.1 million, up from £80.4 million for the same quarter in 2014. But those winnings were “significantly affected” by the translation effect of movements in currency exchange rates, the company said.
“The Unibet Group continued to deliver very strong organic growth in the third quarter, driving another all-time high in gross winnings revenue,” said CEO Henrik Tjärnström in a press statement. “Organic growth, excluding the effect of changes in FX rates and the contribution from acquisitions was 21 percent in constant currencies. Sports betting turnover increased by 24 percent in GBP, which equated to organic growth of around 40 percent in constant currencies.”
“Underlying EBITDA for the third quarter was slightly below the result for the same period in 2014, as a result of lower sports betting margins and the impact of the changes in exchange rates of approximately 13 per cent,” he said.
Tjärnström said that Unibet’s focus on mobile play has paid off. In the third quarter Unibet’s share from mobile grew by 47% compared to the third quarter last year and amounted to 51% of the firm’s gross winnings revenues and has become its single largest channel.
