NYX Gaming Group has seen an increase in revenue and growth this year, with successful agreements and content launches for its OPS and OGS platforms leading the way.
During the first quarter of 2017, the company signed 11 new agreements for OGS and OPS and successfully launched OGS content across six new client sites including Pokerstars Denmark, Rush Street, Nederlandse Loterij, MarathonBet, Luckia and GVC Holdings.
For Q1 2017, the company reported revenue of US$58.9m, representing growth of 199.8 per cent year-over-year. Royalty and licence revenue was $30.9m, representing growth of 77.9 per cent year-over-year, with gross profit of $52.1m, or 88.4 per cent of revenue compared to 82.7 per cent of revenue in Q1 2016.
Adjusted EBITDA increased by 250.1 per cent to $16.8 million.
"With our new operating model in place, we're pleased to report growth in revenue and adjusted EBITDA from the prior quarter and the prior year period," said Matt Davey, chief executive officer of the company.
"Our customer development pipeline remains strong and we are focused on profitable growth through our product led strategy with targeted R&D investment in sportsbook, gaming and content technologies," he added.
