Stride Gaming hails ‘strong’ progress in second half

Stride Gaming has said that it is confident of meeting the “upper end” of market expectations for the financial year after a positive performance in the second half.

In May, the company reported year-on-year growth across revenue, net sales and adjusted earnings before interest, tax, deprecation and amortisation for the six months to February 28.

Stride has now said in a trading update that this “strong trading” has continued in the second half and it now expects to post further growth.

The firm intends to announce its results for the 12 months through to August 31 on November 21.

Eitan Boyd, chief executive of Stride, said: “2017 has been a successful year for Stride Gaming.

“With exceptional underlying organic growth across our real-money gaming vertical, together with an excellent trading performance from 8ball and Tarco acquired in August of last year, and the launch of our new B2B vertical Stride Together, I am delighted with the current shape and future prospects of the business.

“One of the great strengths of Stride is our robust proprietary platform which provides great flexibility, speed to market and in-depth analysis to provide a better user experience and more profitable delivery of service.

“As we grow in size we are seeing the benefits of this being increasingly realised and we look forward to the future with confidence.”

Related article: Stride Gaming reveals sales growth, launches B2B division