Enlabs reports record revenue
Operator Enlabs has reported a 35 per cent increase in Q3 revenue to €13.6m.
Organic growth was 10%. Sustainable income amounted to 80%. The number of active customers was 67,320, an increase of 79%. Net profit amounted to EUR 10.29 million with a net profit margin of 75.8%.
“Full speed ahead at Enlabs! During the past quarter, we steered our core business towards a record result, completed the largest strategic acquisition in the company’s history and succeeded with the technical feat of migrating our most important brand to EnPL, our new platform. With joint efforts, we undeniably completed a record quarter in the sign of change. During the third quarter, revenues were EUR 13.6 million, EBITDA EUR 4.0 million and net profit EUR 10.3 million.
With continued strong business momentum, we have now started the fourth quarter with an average daily increase in gaming revenues of 86% (17% organically) compared to the same period last year. Just state that we as an organization are very strong! ” Says President and CEO George Ustinov.