Online gaming operator Stride Gaming saw its net gaming revenue climb 22 per cent in the 12 months to August 31, up to £47.8m.
Following adjustments to accommodate the acquisition of InfiApps, the mobile social gaming company acquired in July 2015, and the impact of the point-of-consumption tax.
Group adjusted EBITDA was up 27 per cent, year on year, to £12.3m and adjusted basic earnings per share were up eight per cent to 21.2p per share.
The period included the acquisitions of 8Ball, Netboost Media and the Tarco Assets, which were completed for total consideration (payable in shares and cash) of up to £70.2m.
Mobile and tablet gaming now represents 51.8 per cent of gross gaming revenue for the group, up from 40.4 per cent the year prior.
Eitan Boyd, CEO of Stride Gaming, said: “It was an exciting year for the company where we once again delivered strong organic growth and undertook transformational acquisitions.
“With 105 brands and 10 per cent market share of the UK online bingo market following these acquisitions, Stride Gaming now has material scale, strong operational leverage and occupies a pre-eminent position in the soft gaming market.
“The business has never been in such a strong position to build on its excellent achievements of 2016. Our focus in 2016/17 will be on integrating these recent acquisitions, continuing our strong organic growth and examining entry into other soft gaming verticals.”
