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Poor social gaming performance pushes Stride to £10.3m loss

30th May 2017 8:16 am GMT

A weaker-than-expected performance from its social division and higher marketing and administrative costs has resulted in Stride Gaming posting a £10.3m loss for the first half of its financial year.

The swing to a loss came despite a 103.8 per cent increase in net revenue to €44.0m, following the inclusion of newly acquired assets 8Ball, Netboost Media and Tarco at the start of the six-month period.

This was driven predominantly by NGR from Stride’s proprietary platform, which jumped [...]

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