London-listed Stride Gaming has posted a net loss of £25.6m for its financial year ended August 31st, with results impacted by an impairment charge of £9.9m reflecting a weaker outlook for social gaming.
The full year loss came despite an 18 per cent increase in net gaming revenue (NGR) to £89.9m, driven predominantly by the company's real-money gaming business, which accounted for £81.8m of NGR, up 29 per cent from the prior year.
Stride's proprietary platform accounted for 54 per cent [...]
