NetPlay TV expects to hit financial targets
NetPlay TV has revealed in a trading update that it expects both net revenue and adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for the 12 months through to December 31, 2015, to be in line with expectations.
The interactive gaming company said that its key performance indicators remain “strong”, while also revealing that it continues to be “highly cash generative”.
NetPlay TV also stated that it was able to offset a “significant proportion” of the new Point of Consumption (POC) duty in the UK through the implementation of a revised marketing strategy and a POC mitigation programme.
“2015 has been a milestone year for the group in terms of both strategic and operational achievements, whilst also being the first full calendar year following the introduction of the POC duty,” NetPlay TV said in a statement.
NetPlay TV also updated the market on Otherside, the digital marketing business it acquired in August of last year.
The firm said that the acquisition has enabled it to “diversify its revenue stream”, as well as support its expanding digital strategy across its brand portfolio.
“Trading for this business post-acquisition has been strong, and with the integration largely complete, the board expects to realise further synergies from the group's existing gaming operations,” NetPlay TV added.
Related article: NetPlay TV to acquire digital marketing business Otherside