Publishing its results for Q3, Malta-based online gaming content developer Yggdrasil Gaming reported a 110 per cent year-on-year increase in revenues, to SEK44.1m (€4.54m), with an EBITDA margin of 42 per cent.
Earnings (EBITDA) for the three-month period more than doubled to SEK18.7m (€1.92m) while the number of player transaction increased by 132.6 per cent year-on-year to 1,019 million.
Mobile gaming now accounts for 59 per cent of total gross game win.
Fredrik Elmqvist (pictured), CEO of Yggdrasil, said in a statement: “It has been an action-packed quarter as the company continues to build upon the significant progress we have already made.
“Once again, we have delivered an all-time high result with EBITDA for the period hitting SEK18.7m. It is a fantastic achievement that was only made possible by the hard work of the most dedicated and talented team in gaming.
“This growth has been driven by an increase in traffic to our games. During the third quarter the number of rounds has increased by 132.6 percent versus last year, while we have also added 10 new licensees, including Betfred,” said Elmqvist.
“Our focus remains on laying solid foundations to ensure we can continue our growth trajectory off the back of these extremely strong results.”
