Saturday August 8,2015 : IMPRESSIVE RESULTS FROM CAESARS INTERACTIVE DIVISION
Second quarter shows continued year-on-year growth.
Caesars Interactive Entertainment, the digital division of land casino giant Caesars, has turned in another successful second quarter with year-on-year growth continuing across key parameters:
* At $186.2 million net revenue was up 28 percent on a y-o-y basis;
* Adjusted EBITDA increased almost 60 percent to $69.5 million;
* A loss of $4.4 million last year in net income from operations was turned around to a gain of $54.3 million in the current quarter;
* Net H1-2015 revenue is currently $362.8 million, up 35 percent y-o-y, with adjusted EBITDA up 74.5 percent to $132.1 million;
CEO Mitch Garber attributed much of the company's success to its social and mobile gaming operations, commenting that his team will continue to focus on these assets to ensure strong growth.