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Net Entertainment annual report: revenue increases as demand for online entertainment rises

2016-08-29 13:01:41

Swedish software provider Net Entertainment released its financial report for 2015. The company saw an overall increase in revenue of 33.0% to SEK 1,132.4 (851.7) million. The company’s profits have risen to SEK 401.6 (261.7) million, which is an increase of 53.5%.

“2015 was yet another fantastic year for NetEnt,” remarked Per Eriksson, President and CEO, in a press release. “The fourth quarter featured many new signed and launched customers and strong growth. Revenues increased by 34.0 percent to 323.1 MSEK and operating profit rose by 51.6 percent to 121.8 MSEK, compared to last year.”

Over the past year NetEnt has signed 43 new license agreements and 37 new customer casinos were launched. In the fourth quarter alone, 14 license agreements were signed and 16 new casinos launched. This trend indicates that Net Entertainment increasingly shifts its focus on expansion. Eriksson noted that growing demand for digital casino entertainment has helped Net Entertainment reach its target.