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Cherry posts 165% revenue growth in Q3 with iGaming up 214%

8th November 2017 10:15 am GMT

Stockholm-listed gaming operator Cherry has reported a 165 per cent increase in group revenue for the third quarter of 2017, with its online gaming business accounting for 79 per cent of the total.

Third quarter revenue amounted to SEK567.0m (approx. €58.0m), up 165 per cent year-on-year or 30 per cent on an organic basis, with EBITDA climbing 263 per cent to SEK112.0m (€11.4m) as margin grew from 14 to 20 per cent.

Profit for the period amounted [...]

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