Caesars Interactive Delivers Robust Quarterly Results
By Casinomeister, Last updated Nov 13, 2015
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
The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
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