STRIDE GAMING REPORT STRONG H2/2016
Pleased with organic growth.
In a pre-close trading update, online bingo-led and social gaming operator Stride Gaming plc said a strong H2/2016 has led to it raising its forecast on full year results to ahead of market expectation.
Along with the expectation of full year net gaming revenue not being less than GBP 47 million (2015: GBP 27.8 million) and EBITDA GBP 12.3 million (2015: GBP 7.3 million), Stride was particularly pleased with the organic growth the company had experienced.
“We are delighted with the organic growth from our underlying business which remains robust,” Eitan Boyd, chief executive of Stride Gaming, commented. This, coupled with the completion of our recent acquisitions, means we have significant scale, increased market share and are now the fourth largest online bingo operator in the UK. With these positive developments in mind the Company looks forward to the future with confidence.”