888.com Releases Q4-2014 Results

Another one to please the investors…

Online gambling group 888 Holdings plc has posted an interim management statement covering key performance indicators for its fourth quarter period to date, and highlighting:

* Group quarterly revenue reached an all-time high of US$107 million (Q4 2012: US$97 million), an increase of 10 percent year on year and a 14 percent increase vs. Q3-2013 reflecting revenue increases in each of the Group's reporting segments compared to Q3 2013.

* Business to consumer revenue at US$93 million (Q4 2012: US$86 million), an increase of 8 percent year on year

* Revenue B2C Casino at US$51 million (Q4 2012: US$44 million), an increase of 15 percent year on year, supported by enhanced product offering, extended regulated markets proposition, advanced CRM initiatives and further mobile penetration

* Revenue B2C Poker at US$25 million (Q4 2012: US$24 million), an increase of 2 percent year-on-year reflecting further market share gains and advancing to number 2 in the global poker rankings.

* Successfully launches in the regulated New Jersey and Delaware markets in November 2013.

Full year highlights to end December 2013 included:

* Group revenue for full year 2013 at a record US$401 million (2012: US$376 million), an increase of 7 percent y-o-y

* Revenue B2C for full year 2013 at US$352 million (2012: US$330 million), an increase of 7 percent y-o-y

* Number of active customers B2C Casino and Poker at 602,000 (Q4 2012: 520,000), a 16 percent increase y-o-y. As at , 888 had 15.5 million Casino, Poker and Sport real money registered customer accounts, representing an increase of 19 percent since .

* Significant progress made in the US market through the group's All American Poker Network (AAPN) joint venture, with Avenue Capital making 888 the only online gaming provider live in all three regulated states:

888 chief executive Brian Mattingley said Thursday:

"I am pleased to report that 888 has delivered another strong performance in Q4, completing an excellent and indeed record-breaking year for the Group in terms of revenue. Our strong result has again been driven by the progress we have made in newly regulated markets as well as a continued excellent performance in Casino and further market share gains in Poker, where we are now ranked Number 2 in the Pokerscout global rankings.

"During Q4 we successfully launched in New Jersey and Delaware, making us the only operator live in all three regulated US states, with our Poker platforms achieving market-leading positions in New Jersey, Nevada and Delaware. This remarkable achievement is testament to the strength of our product, technology and marketing as well as the hard work, dedication and talent of our team.

"We have continued to enhance our mobile and tablet product offering in this increasingly important growth sector of the industry and source of customer acquisition. This has contributed to the Group delivering a very pleasing 19 percent increase year on year in real money registered customer accounts across Casino, Poker and Sport."

The company says that current trading during the first 27 days of Q1-2014 has started well, continuing the strong trading during the previous quarter. Daily average revenue for the first 27 days of the quarter is approximately 3 percent higher than the corresponding period in the previous year led by poker.

As at 24th January 2014 the Group had US$123 million of cash and cash equivalents and US$55 million liabilities to customers.

888 Holdings plc will publish its preliminary results for the year ended on 25th March 2014.

Key Performance Indicators released by the company show:

Fourth Quarter 2013

* Group revenue at US$107 million (Q4 2012: US$97 million), an increase of 10 percent

* 15.5 million Casino, Poker and Sport real money registered customer accounts, representing an increase of 19 percent from

* Revenue B2C at US$93 million (Q4 2012: US$86 million), an increase of 8 percent

* Revenue B2C Casino at US$51 million (Q4 2012: US$44 million), an increase of 15 percent

* Revenue B2C Poker at US$25 million (Q4 2012: US$24 million), an increase of 2 percent

* Revenue B2C Bingo at US$11 million (Q4 2012: US$12 million), a decrease of 4 percent – a result of the competitive UK environment but reflecting signs of a recovery with 7 percent revenue increase compared to Q3 2013

* Revenue B2C Emerging Offering at US$6 million (Q4 2012: US$6 million), an increase of 2 percent

* Number of active customers B2C Casino and Poker at 602,000 (Q4 2012: 520,000), an increase of 16 percent compared to Q4 2012

* Number of active customers B2C Casino at 199,000 (Q4 2012: 196,000), an increase of 2 percent compared to Q4 2012

* Number of active customers B2C Poker at 472,000 (Q4 2012: 390,000), an increase of 21 percent compared to Q4 2012

* Quarterly revenue B2C per active Casino and Poker customer was US$126 (Q4 2012: US$132), a 5 percent decrease compared to Q4 2012

* Quarterly revenue B2C per active Casino customer was US$256 (Q4 2012: US$226), a 13 percent increase compared to Q4 2012

* Quarterly revenue B2C per active Poker customer was US$52 (Q4 2012: US$62), a 16 percent decrease compared to Q4 2012

Dragonfish B2B performance included:

* Revenue B2B at US$14 million (Q4 2012: US$12 million), an increase of 22 percent compared to Q4 2012

Performance over the full year ended included:

* Group revenue up 7 percent to US$401 million (2012: US$376 million)

* B2C revenue up 7 percent to US$352 million (2012: US$330 million)

* Revenue B2C Casino up 15 percent to US$190 million (2012: US$165 million)

* Revenue B2C Poker up 7 percent to US$94 million (2012: US$88 million)

* Revenue B2C Bingo down 16 percent to US$44 million (2012: US$52 million)

* Revenue B2C Emerging Offering down 2 percent to US$24 million (2012: US$25 million)

Dragonfish FY B2B performance:

* Revenue B2B up 5 percent to US$48 million (2012: US$46 million)

Online Casino News Courtesy of Infopowa

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