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NetEnt revenue decline continues into second quarter

12th July 2019 9:47 am GMT
Net Ent

Shares in NetEnt were trading down by more than 10 per cent in Stockholm Friday morning after the casino supplier reported a decline in revenue and profit during the second quarter of 2019.

Revenue was down 4 per cent to SEK419.4m as results resembled that of the first quarter, with weakness in the Nordic region and specifically Sweden, driven by fewer players and lower average revenue per user (ARPU).

“The weak development in the Nordic countries continued in the second quarter, [...]

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