Publishing results for the fourth quarter and full year to December 31, NYX Gaming reported Q4 revenues of CA$54.5m, a year-on-year increase of 196.6 per cent.
Gross profit was $48.1m, or 88 per cent of revenue, in the fourth quarter, compared to 86 per cent of revenue for the same period in 2015.
Adjusted EBITDA for Q4 was $12.9m, an increase of 185 per cent year on year.
For the full year to December 31, the group posted revenue of $163.7m, or growth of 213 per cent year-on-year.
Revenue rose 47 per cent in the period, excluding the impact of acquisitions. Gross profit for 2016 was $144.2m, or 88 per cent of revenue compared to 86 per cent in 2015.
Adjusted EBITDA in 2016 was $42.7m, an increase of 305 per cent compared with 2015.
“This was a transformational year for NYX,” said Matt Davey, CEO of NYX Gaming Group. “With the integration of OpenBet now substantially complete, we are ideally positioned as a leading provider of sportsbook, gaming technology and NextGen content to the regulated gaming market.
“Since the beginning of 2017, our new operating model has been delivering an improved cost structure that, combined with our growth strategy, will result in increased operating leverage.”
