Solid Q3 for Mr Green as total revenue goes up 14%
Releasing its interim report for the months July to September, Mr Green reported an increase in total revenue of 14% to SEK 229.9m.
Revenue generated by mobile products contributed 43.3% of this total.
EBITDA before non-recurring items did fall compared to the prior year quarter, dropping 57.5% to SEK 17.4m.
Mr Green attributed this decline to higher local betting duties and increased marketing costs.
““The number of active customers increased by 39%, to 102,429, while customer deposits hit an all-time high, growing by 21% to SEK 687.2m
”
Mr Green CEO Per Norman said: “During the period we continued to work intensively on implementing our new business strategy, which we call Mr Green 2.0.
“The business strategy is built on five cornerstones: brand, user experience, product offering, geographical expansion and being the leading player in Green Gaming (responsible gaming).
“I am happy and proud of what our organisation has achieved in such a short space of time and look forward to our journey of change towards continued growth and increased profitability.”
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