Yggdrasil increased its player activity by more than half during the third quarter, as a period of growth resulted in total operating revenues rising by 62 per cent to SEK71.5m (£6.13m).
In Q3 2018, player rounds reached 1.534m – an uptick of 51 per cent from the same period last year – while EBIT increased by 26 per cent to SEK19.3m.
Penguin City, Hanzo’s Dojo and Wolf Hunters were three new games that launched during the quarter, while the number of full-time employees rose from 170 to 272.
Events after Q3 included the signings of ATG and Svenska Spel in Sweden ahead of the re-regulation next year and also Veikkaus in Finland.
Yggdrasil’s found and CEO Fredrik Elmqvist said: “On behalf of the whole team at Yggdrasil I am pleased to announce yet another eventful quarter characterised by continued expansion and signing of several new partnerships.
“We continued to fully emphasise our expansional focus by making investments for the future, both in the business and into new products.
“During the quarter we signed several high-profile customers and our very first social gaming partnership in Asia through a deal with Taiwanese operator XSG. In Europe we signed among other Tipsport in the Czech Republic, Intralot in Italy and became certified in Spain – all important building blocks of our long-term strategy and commitment to expand our regulated market footprint.
“With the first nine months of the year behind us I am excited on the opportunities and challenges ahead. We continue to put full emphasis on growth and making investments into the organisation to stay at the forefront as a true industry innovator and to pave the way for our continued journey.”
