32Red Plc, the parent company of the award winning 32Red.com online casino and other gaming sites, has reported on record revenue for the 12 months which made up 2015. Full year net gaming revenue reached GBP 48.7 million – a 52% increase compared to the previous year.
Other results reported included:
- Earnings before EBITDA dropped from GBP 5.4 million to GBP 5.2 million year on year, mainly due to the introduction of a new point of consumption tax in the United Kingdom.
- Adjusted earnings per share fell 2% to 6.97p, although a full year dividend of 2.8p was paid.
The chief executive of 32Red, Ed Ware said that 2015 was a very exciting and record-breaking year for the company, with good numbers achieved despite significant external regulatory and tax headwinds.
“These results are an excellent demonstration of 32Red’s core strengths – a talented and dedicated team, first class ROI-driven marketing skills and established, highly appealing online gaming brands,” said Ware.
He added that the acquisition of the Roxy Palace gaming brand in July 2015 complemented the strong organic growth delivered in 32Red’s core business as targeted marketing opportunities were exploited, and new customers were attracted to the 32Red brand.
“Marketing expenditure will be increased again in 2016,” said Ware. “We are well positioned for another year of progress, building on the excellent achievements in 2015.”