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STS posts record revenue in third quarter

| By Marese O'Hagan
Bookmaker STS Group recorded gross gaming revenue (GGR) of PLN162m (£29.5m/€33.7m) during its third quarter of the year, its highest quarterly total to date.
revenue quarter

This was a rise of 20.8% in revenue compared to the third quarter of 2021, when GGR for STS was PLN134m.

A total of PLN1.11bn was staked by customers during the quarter, up by 5.5% compared to Q3 2021.

In addition, 81,000 new registrations were made in the third quarter, compared to 66,000 from the previous third quarter.

The number of customers that made a first-time deposit was 57,000, a rise of 26.6%.

For the three quarters ended 30 September, GGR was PLN458m, a rise of 6.7% from the same period in 2021.

A total of PLN3.30bn was staked by customers from the first quarter to the third quarter of 2022, up by 0.7% from PLN3.27bn in 2021.

STS recorded 576,000 active users for the first nine months of 2022. As well as this, the operator recorded 237,000 new registrations and 163,000 customers that had made their first deposit.

“From July to September, we generated the historically highest quarterly NGR ratio of PLN162,” said Mateusz Juroszek, CEO of STS.

“We note high activity of players, which should positively translate into Q4 2022 results.” 

Juroszek also said that September was a particularly successful month for active users.

“September turned out to be a very good month in terms of the number of active users – there were as many as 281,000, which was the second highest monthly result in the history of the group.”

In the second quarter of 2022, STS’ revenue fell by 16.6% to PLN138.

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