STS Group posts 12% year-on-year jump in wagering revenue

Finance News

The value of amounts staked in Q1 2023 in the STS S.A. (excluding the UK and Estonia operations) – the main operating company in the STS Group – was PLN 1.193 billion and was higher by 16% year on year, compared to the amount of PLN 1.026 billion in the previous year.

From January to March this year, NGR for STS (excluding the UK and Estonia operations) increased by 12% y-o-y, from PLN 156 million up to PLN 175 million. In the first three months of 2023, STS S.A. generated GGR of PLN 305 million (excluding the UK and Estonia operations), compared to PLN 279 million a year before. This represents a year-on-year increase by 9%.

In Q1 2023, there were 57,000 new registrations, compared to 56,000 a year before (excluding the UK and Estonia operations). The number of players who made the first deposit was 37 thousand from January to March this year, compared to 35 thousand in the previous year (excluding the UK and Estonia operations). The number of active users in Q1 2023 was 331 thousand, compared to 339 thousand Q1 2022 (excluding the UK and Estonia operations). 

In line with our expectations, in Q1 2023 we achieved very good operating results. We recorded significant increases in key indicators related to our business. STS customers remain strong and willing to place bets. In addition, a significant proportion of players acquired during the World Cup are highly active. We hope that in the coming months we will continue to effectively activate our extensive customer base, which is still growing – says Mateusz Juroszek, President of the Management Board of STS Holding. 

In 2023, the Group is planning a number of activities aimed at increasing the profitability of its operations. To this end, the company reorganised its operations, focusing on Poland and closing its activities under licenses in the UK and Estonia.