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Cherry doubles revenue in 2017 but growth slows in Q4

16th February 2018 1:38 pm GMT

Stockholm-listed gaming operator Cherry has seen full year revenue more than double to SEK2,252m (€227.1m) in 2017, with its B2C online gaming business representing 81 per cent of the total.

Online gaming revenue grew by 120 per cent to SEK1,823m during the year, with the company’s game development division Yggdrasil Gaming contributing SEK169m, an increase of 95 per cent versus the previous year.

Online marketing revenue soared 156 per cent to SEK146m, while Cherry’s gaming technology division [...]

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