Highest-ever quarterly revenue. Social and mobile continue to impress
Caesars Interactive Entertainment (CIE) hailed its social casino business as third quarter revenue rose 20.4 percent.
Key performance indicators in the Interactive business for the three months ending September 30, 2014 include:
-Net revenue of $194.5 million (Q3/2014: $161.6 million), up 20.4 percent. Of which $183.5 million attributed to social and mobile and $11 million to WSOP and online real money gaming.
-Income from operations increased 111.4 percent, $22.4 million than Q3/2014 to $20.1 million.
-Adjusted EBITDA amounted to $72.7 million, up 36.1 percent (Q3/2014: $53.4 million).
"Caesars Growth Partners, LLC reported another great quarter driven by growth in both of our business units," said Mitch Garber, chief executive officer of Caesars Acquisition Company. "Our Interactive Entertainment business continues to generate outstanding results, primarily from our market leading social and mobile games business."
Online Casino News Courtesy of Infopowa