As suitors circle to buy the company, first-quarter revenues at online operator bwin.party are down six per cent year on year.
The news follows full-year results published in March that showed a drop of 6.2 per cent in revenues for 2014 compared with 2013.
However, total revenue for Q1 was up compared with Q4 2014, to €155.3m. Mobile represented 30 per cent of gross gaming revenue in the period, up from 17 per cent year on year.
Norbert Teufelberger, CEO of bwin.party, said in a statement: "The group has delivered solid growth since Q4 2014 on the back of continued mobile expansion.
“However, a lower than expected gross win margin in sports betting as experienced by other gaming operators and continued challenges in poker held back our year-on-year revenue performance during the first three months.
“Despite slightly lower revenue and additional taxes, continued careful management of our costs and further operational efficiencies have meant that group clean EBITDA margins for the first quarter are ahead of the board's expectations and also ahead of last year.”
He added: “Given our expanding mobile footprint, increased focus on the core business and the associated programme of operational efficiencies, we remain on track for the full year."
