Home > Finance > NYX anticipates record-breaking revenue in fourth quarter

NYX anticipates record-breaking revenue in fourth quarter

| By iGB Editorial Team

NYX Gaming Group has said that it expects to announce record-breaking revenue for the three months through to December 31, 2015, with its full-year performance being boosted as a result.

In a limited preview of its fourth-quarter results, NYX said that it expects revenue for the three-month period to range from $18.1 million (€16.3 million) to $18.3 million, which would represent an increase of 114% on the previous year.

The company also revealed that it anticipates revenue for the full-year to amount to between $52 million and $52.2 million, which would in turn lead to growth of 91% on the total posted for 2014.

Organic growth for the fourth quarter is expected to be 35%, with the full-year figure at 50%, while adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) could be as high as $1.8 million in Q4, but range from a loss of $600,000 to $800,000 for the full year.

Matt Davey, chief executive of NYX, said: “Fiscal year 2015 was a truly a transformative year for NYX as we purchased and integrated five companies within our group structure.

“In particular, we are very pleased with our Q4 numbers which delivered our first positive EBITDA result as a public company. Further, we have seen continued organic growth from our legacy business and realisation of synergies from Cryptologic & Chartwell.  

“Our revenue contribution from mobile continues to grow and outpace the industry, where 54.5% of our revenue via our OGS in Q4 2015 was generated from mobile versus 44.5% in 2014.”

Related article: William Hill teams up with NYX for OpenBet bid – report

Subscribe to the iGaming newsletter