NetEnt falls short of revenue, profit expectations in Q4

NetEnt has said that it expects to report lower-than-forecast revenue and profit for the three months to December 31, 2017.

In a preliminary results posting, NetEnt today (Tuesday) said revenue is set to come in at approximately SEK419m (€42.6m/$52.1m) in the fourth quarter of 2017, while operating profit should amount to around SEK150m.

NetEnt said phased out deliveries of games to operators in Australia, Poland and Czech Republic during the past year had a negative impact on revenue in Q4.

In addition, NetEnt said revenue growth in some of its markets was lower than expected in the final quarter of the year.

However, NetEnt also said business “continued to generate a solid cash flow” in Q4, adding that the dividend for 2017 will be at “least in line” with 2016 year’s level

NetEnt intends to publish its earnings report for both the fourth quarter and full year on February 15.

Related article: ‘Solid’ third quarter for NetEnt as key financials climb