Online gambling company Mr Green has released its interim report for the third quarter, reporting an increase in total revenue of 14% to SEK 229.9m.
Detailing factors behind the rise, the online operator noted the impact of a “broadened product range, a growing number of customers, and a stronger market position outside the Nordic region.”
Revenue generated by mobile products during the July-September period contributed to 43.3% of the total.
Compared to the previous quarter, EBIDTA before non-recurring items dropped by 57.5% to SEK 17.4m.
Mr Green attributed this decline to higher local betting duties and increased marketing costs.
The number of active customers grew by 39% to 102,429, while customer deposits hit an all-time high, climbing by 21% to SEK 687.2m.
CEO Per Norman commented: “During the period we continued to work intensively on implementing our new business strategy, which we call Mr Green 2.0.
“The business strategy is built on five cornerstones: brand, user experience, product offering, geographical expansion and being the leading player in Green Gaming (responsible gaming).
He went on to say: “I am happy and proud of what our organisation has achieved in such a short space of time and look forward to our journey of change towards continued growth and increased profitability.”
Mr Green will also be showcasing at SiGMA16 – Malta’s biggest upcoming gaming event. If you’re interested in joining this iGaming summit in November, click here to register today.
