Published on 19th April 2016 by Becky Mosley

Simply dominating Scandinavian shores in the development stakes, NetEnt are a Swedish online casino software supplier that has a strong grasp of the international market. Proving that in 2016 the brand has its eyes on all round expansion, Q1 results posted by the company have been strong to the very least. For starters, quarterly revenue is up by 33.7% to a staggering SEK345.4 million, but that doesn’t quite tell the whole story.

Year On Year 55.6% Increase

Crunching the numbers, for NetEnt operating profits rose to SEK128.1 million, representing a year-on-year increase of 55.6%. Operating margins also showed strong signs of life, as they increased by 5.4% to 37.1%, with the increase being put down to both revenue increases and economies of scale. Gambling transactions during the time frame also improved on the prior year, jumping by 37% to a staggering 8.9 billion.

Mobile Gaming Growth

Factoring in what exactly has allowed NetEnt to reach such heights, you must look towards the growth in mobile gaming. It is predicted that revenue generated from mobile play has allowed NetEnt to grow, while the brand’s input in the UK market is also worthy of praise. NetEnt also made the decision to expand and explore from a business standpoint, which has certainly helped increase the company’s cash flow. For example, they have extended their working relationship with PokerStars, while they also made the call to work with the World Lottery Association.For the most part, the figures don’t lie; NetEnt has pushed forward in recent times with extremely strong financial growth. New game releases and business relationships inclusive, NetEnt CEO Per Eriksson said that given the nature of the results that the brand has an exciting 2016 ahead, with increasing technology and financial developments on the horizon.