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Cherry profits in third quarter as online gaming contribution grows

9th November 2016 9:55 am GMT

Stockholm-listed gaming operator Cherry has seen net profit more than double to SEK31.1m (€3.1m) for the third quarter of 2016, following strong revenue growth and the inclusion of its share of profit from newly acquired operator ComeOn.

Revenue grew by 39 per cent year-on-year to SEK214.0m in Q3, with online gaming activities contributing 82 per cent of the total.

This comprised B2C online gaming revenue of SEK142.8m, up 39 per cent year-on-year, as well as contributions from [...]

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