Less Ads, More Data, More Tools Register for FREE

Pin to quick picks888.L Regulatory News (888)

  • There is currently no data for 888

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Q2 KPIs and IMS

5 Aug 2014 07:00

RNS Number : 2316O
888 Holdings plc
05 August 2014
 



5 August 2014

 

 

888 Holdings Public Limited Company

("888" or "the Group")

Interim Management StatementQ2 2014 Key Performance Indicators and Interim Management Statement*

 

 

888, one of the world's most popular online gaming entertainment and solutions providers, is today publishing its Interim Management Statement for the period from 1 April 2014 to the date of this announcement, incorporating the Group's second quarter trading period from 1 April 2014 to 30 June 2014.

Q2 & H1 2014 Highlights

 

· Q2 Group revenue was US$111 million (Q2 2013: US$97 million), an increase of 15% year on year

 

· Q2 revenue B2C was US$95 million (Q2 2013: US$85 million), an increase of 11% year on year

 

· Q2 revenue B2C Casino was US$53 million (Q2 2013: US$47 million), an increase of 15% year on year, capitalizing on best in class CRM and back office technology

 

· Q2 revenue B2C Poker was US$23 million (Q2 2013: US$22 million), an increase of 2% year on year, maintaining the Group's no. 2 position in global liquidity rankings**

 

· Q2 revenue B2C Bingo was US$12 million (Q2 2013: US$10 million), an increase of 17% year on year, demonstrating a recovery in our Bingo operations

 

· Q2 revenue B2C Emerging Offering was US$7 million (Q2 2013: US$6 million), an increase of 15% year on year, boosted by strong Sport performance

 

· Q2 revenue B2B was US$16 million (Q2 2013: US$12 million), an increase of 37% year on year driven by US operations and Bingo

 

· Another record Group performance, revenue in H1 was US$225 million (H1 2013: US$200 million), an increase of 13% year on year

 

· As at 30 June 2014, 888 had 16.8 million Casino, Poker and Sport real money registered customer accounts, representing an increase of 17% from 30 June 2013

 

 

 

Commenting on today's announcement Brian Mattingley, Chief Executive Officer, said:

 

"I am pleased to report that 888 has delivered another strong performance in the second quarter which, in combination with our very good start to the year, has once again resulted in record-breaking revenue for H1. This outcome has been driven by strong performances across both our B2C and B2B lines of business and is testament to our exceptional brands, technology, marketing and CRM systems. Whilst the outcome for the full year will be dependent on trading in the second half, we continue to look forward with confidence as we further develop the business."

 

 

* All percentages in this release are calculated without rounding

**According to global ranking site PokerScout

 

Q2 2014 Key Performance Indicators

 

Group

 

· Revenue was US$111 million (Q2 2013: US$97 million), a year on year increase of 15%

 

· As at 30 June 2014, 888 had 16.8 million Casino, Poker and Sport real money registered customer accounts, representing an increase of 17% from 30 June 2013

 

B2C

 

· Revenue B2C was US$95 million (Q2 2013: US$85 million), a year on year increase of 11%

 

· Revenue B2C Casino was US$53 million (Q2 2013: US$47 million), a year on year increase of 15%

 

· Revenue B2C Poker was US$23 million (Q2 2013: US$22 million), a year on year increase of 2%

 

· Revenue B2C Bingo was US$12 million (Q2 2013: US$10 million), a year on year increase of 17%

 

· Revenue B2C Emerging Offering was US$7 million (Q2 2013: US$6 million), a year on year increase of 15%

 

· Number of active customers B2C Casino and Poker at 579,000 (Q2 2013: 535,000), an increase of 8% compared to Q2 2013

 

· Number of active customers B2C Casino at 200,000 (Q2 2013: 186,000), an increase of 8% compared to Q2 2013

 

· Number of active customers B2C Poker at 459,000 (Q2 2013: 410,000), an increase of 12% compared to Q2 2013

 

· Quarterly revenue B2C per active Casino and Poker customer was US$131 (Q2 2013: US$129), a 2% increase year on year

 

· Quarterly revenue B2C per active Casino customer was US$267 (Q2 2013: US$250), a 6% increase year on year

 

· Quarterly revenue B2C per active Poker customer was US$50 (Q2 2013: US$55), a 9% decrease year on year

 

Dragonfish

 

· Revenue B2B was US$16 million (Q2 2013: US$12 million), an increase of 37% year on year driven by our US operations and Bingo

 

Key Performance Indicators for Six months ended 30 June 2014

 

Group

 

· Revenue was US$225 million (H1 2013: US$200 million), a year on year increase of 13%

 

B2C

 

· Revenue B2C was US$193 million (H1 2013: US$177 million), a year on year increase of 9%

 

· Revenue B2C Casino was US$108 million (H1 2013: US$94 million), a year on year increase of 14%

 

· Revenue B2C Poker was US$48 million (H1 2013: US$47 million), a year on year increase of 3%

 

· Revenue B2C Bingo was US$24 million (H1 2013: US$22 million), a year on year increase of 9%

 

· Revenue B2C Emerging Offering was US$13 million (H1 2013: US$14 million), a year on year decrease of 6%

 

Dragonfish

 

· Revenue B2B was US$32 million (H1 2013: US$23 million), an increase of 40% year on year driven by our US operations and Bingo

 

 

Current Trading

 

Trading during the third quarter has continued to be strong, with revenue during July 2014 more than 15% higher than July 2013.

 

As at 1 August 2014, the Group had US$118 million of cash and cash equivalents and US$56 million liabilities to customers.

 

 

Analyst and Investor Conference Call

 

There will be an analyst and investor conference call at 14.00 (BST) today.

 

Dial-in number:

+44(0)20 3427 1915

Passcode:

5080685

Replay number:

+44(0)20 3427 0598

Replay passcode:

5080685

 

 

Contacts and enquiries

 

888

Brian Mattingley, Chief Executive Officer

+350 200 49800

Aviad Kobrine, Chief Financial Officer

+350 200 49800

Hudson Sandler

+44(0) 207 796 4133

Alex Brennan / Michael Sandler

 

This announcement includes statements that are, or may be deemed to be, "forward-looking statements". By their nature, forward-looking statements involve risk and uncertainty since they relate to future events and circumstances. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements in this announcement reflect 888's view with respect to future events as at the date of this announcement. Save as required by law or by the Listing Rules of the UK Listing Authority, 888 undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this announcement that may occur due to any change in its expectations or to reflect events or circumstances after the date of this announcement.

 

Appendix

 

 US$m*

2013

2014

Q1

Q2

Q3

Q4

Q1

Q2

B2C Revenue

Casino

47.6

46.5

45.4

50.9

54.3

53.3

Poker

24.4

22.5

22.0

24.7

25.3

22.8

Bingo

11.9

10.2

10.4

11.1

12.1

11.9

Emerging Offering

7.9

6.0

4.7

5.9

6.1

6.9

Total Revenue B2C

91.8

85.2

82.5

92.7

97.8

95.0

B2C KPI

Revenue Casino US$m

47.6

46.5

45.4

50.9

54.3

53.3

Active Players Casino (000)

235.5

185.8

172.1

198.9

226.1

200.0

 Revenue Casino per active player US$

$ 202

$ 250

$264

$256

$240

$267

Revenue Poker US$m

24.4

22.5

22.0

24.7

25.3

22.8

Active Players Poker (000)

473.6

409.8

385.1

472.5

537.1

458.9

 Revenue Poker per active player US$

$ 52

$ 55

$ 57

$ 52

$ 47

$ 50

Revenue Casino & Poker US$m

72.0

69.0

67.4

75.6

79.6

76.1

Active Players Casino & Poker (000)

634.4

534.7

498.3

601.7

681.8

579.4

 Revenue Casino & Poker per active player US$

$ 113

$ 129

$ 135

$ 126

$ 117

$ 131

B2B Revenue

Revenue B2B

11.2

11.9

11.2

14.1

16.0

16.3

Revenue

102.9

97.1

93.7

106.8

113.8

111.3

 

*Rounded.

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSUSSRRSVAWRUR
Date   Source Headline
13th May 202411:32 amRNSResults of AGM 13 May 2024
2nd May 20246:01 pmRNSPricing of an offering of Senior Secured Notes
1st May 20247:00 amRNSTotal Voting Rights
19th Apr 20247:05 amRNS888 Announcement Containing Company Information
19th Apr 20247:00 amRNSQ1 2024 Trading Update
18th Apr 20247:00 amRNSPublication of Notice of AGM
15th Apr 20241:10 pmRNS888 Announcement Containing Company Information
15th Apr 202412:29 pmRNSAnnual Report and Notice of Trading Update and AGM
15th Apr 20249:21 amRNSBlock listing six monthly return
3rd Apr 202411:54 amRNSAwards granted under the 888 LTIP
2nd Apr 20247:00 amRNSTotal Voting Rights
28th Mar 20247:00 amRNSSale of US B2C assets to Hard Rock Digital
26th Mar 20247:05 amRNS888 Announcement Containing Company Information
26th Mar 20247:00 amRNSFY2023 Results and Value Creation Plan
22nd Mar 20247:00 amRNSConclusion of GBGC Licence Review
8th Mar 20241:59 pmRNS888 Announcement Containing Company Information
8th Mar 202411:03 amRNSNotice of Results
6th Mar 20247:00 amRNSStrategic Review of US B2C operations
4th Mar 20248:53 amRNSDirector Declaration
1st Mar 20247:00 amRNSTotal Voting Rights
1st Feb 20247:00 amRNSDirectorate Change and Total Voting Rights
31st Jan 202412:52 pmRNSHolding(s) in Company
29th Jan 20244:57 pmRNSHolding(s) in Company
17th Jan 20247:05 amRNS888 Announcement Containing Company Information
17th Jan 20247:00 amRNS2023 Post-close Trading Update
10th Jan 20247:00 amRNSNotice of Trading Update
2nd Jan 20247:00 amRNSTotal Voting Rights
1st Dec 20237:00 amRNSTotal Voting Rights
1st Nov 20237:00 amRNSTotal Voting Rights
23rd Oct 20239:33 amRNSDirector/PDMR shareholdings - Correction
20th Oct 20233:34 pmRNSDirector/PDMR Shareholding
20th Oct 20237:00 amRNSDirector/PDMR Shareholding
18th Oct 20237:05 amRNS888 Announcement Containing Company Information
18th Oct 20237:00 amRNSQ3 2023 Trading Update
16th Oct 20237:00 amRNSDirectorate Change
16th Oct 20237:00 amRNSBlock Listing Six Monthly Return
9th Oct 20234:57 pmRNSHolding(s) in Company
3rd Oct 20231:09 pmRNSDirector Declaration
2nd Oct 20237:00 amRNSTotal Voting Rights
28th Sep 20237:05 amRNS888 Announcement Containing Company Information
28th Sep 20237:00 amRNSUpdate on current trading and FY23 guidance
26th Sep 20237:00 amRNSCommittee Changes
13th Sep 20237:05 amRNS888 Announcement Containing Company Information
13th Sep 20237:00 amRNSAppointment of Sean Wilkins as CFO
1st Sep 20237:00 amRNSTotal Voting Rights
21st Aug 20237:00 amRNSHolding(s) in Company
15th Aug 20237:05 amRNS888 Announcement Containing Company Information
15th Aug 20237:00 amRNSHalf Year Results
4th Aug 20237:00 amRNSNotice of Investor Presentation
2nd Aug 20237:00 amRNSNotice of Interim Results

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.