Good Digital Performance A Feature Of Coral Q3 Results

GOOD DIGITAL PERFORMANCE A FEATURE OF CORAL Q3 RESULTS

20th August, 2015 at 10:38:19
Source: http://www.azonlinecasinos.com



Twelve weeks ended 4 July 2015 show good growth.

Gala Coral Group Limited released its Q3 results for the twelve weeks ended 4 July 2015 on Thursday, the first since its merger with Ladbrokes and covering Coral Retail, Eurobet Retail and Online, but not Gala Retail.

The digital operations section of the report includes:

* Online EBITDA 28% up on the comparative period last year at 17.1 million. Adjusting FY14 for the impact of Point of Consumption tax (- 6.2 million) and the World Cup (- 1.6 million), EBITDA was 11.5 million or 202% ahead;

* Coral.co.uk net revenue was 69% ahead of last year or 81% ahead excluding the World Cup. New customer acquisition rates remain very strong with competitive offers and multi-channel driving acquisition rates 19% ahead of last year;

* Coral.co.uk sports net revenue was 102% ahead of last year (149% ahead excluding the World Cup) with spend-per-head 54% up, driven by an improved product offering. Sports margin was 1.7pp ahead of last year with UK horse racing results ahead of expectations. Bet-in-Play now represents 53% of sports stakes (excluding horseracing), an increase of 5.2pp over the previous year. Mobile now accounts for 68% of Coral.co.uk sports stakes with mobile stakes 80% ahead of the prior year (62% excluding the World Cup);

* Coral.co.uk gaming net revenue was 52% ahead of last year, with mobile representing 65% of gaming stakes (mobile gaming stakes up 83 percent);

* Galabingo.com net revenue was 23% ahead, helped by the launch of additional exclusive content and higher actives, which increased by 13% due to effective retention and reactivation programmes. Mobile now accounts for 51% of stakes with mobile stakes 71% ahead of the prior year;

* Galacasino.com actives were 94% ahead of last year following a high level of promotional activity. However, a number of large winners left margin 0.4pp lower than last year and net gaming revenue 900,000 or 25% behind. Mobile now accounts for 57% of stakes with mobile stakes 20% ahead of the prior year;

* Eurobet.it actives were 10% ahead of last year's World Cup quarter, with over half of new depositors in the quarter recruited through the shop estate. Sports stakes were 60% ahead, but gross win margin was 3.9pp behind last year's particularly strong level. Gaming net revenue was in-line with last year with an increase in casino games net revenue (up 32 percent) offset by market-led declines in poker and virtual racing.

http://www.galacoral.co.uk/financial-centre/results-centre/2015

Related News Tags: , , , ,



« News index »



UK COURT GREENLIGHTS BETSSON'S NETPLAY ACQUISITION (Update)

29th March, 2017 at 15:16:22
Deal expected to complete later this week.

SPORTECH FULL YEAR 2016 RESULTS

29th March, 2017 at 15:16:22
Results fail to impress but transformational period positions company for growth, Board believes.

NEW TELEVISION ADVERT FROM ONLINE CASINO

28th March, 2017 at 19:47:54
PlayOJO.com begins major marketing push in UK.

HABANERO HAILS STRONG START TO 2017

28th March, 2017 at 11:21:29
Future looks bright, developer says.

PARIPLAY LAUNCH BLOODSHOT (Update)

27th March, 2017 at 20:04:48
Based on iconic comic book series.