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The Markets
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Proactive UK has moved.
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The Markets
by Proactive
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The Markets
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Proactive UK has moved.
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Leisure, gaming and gambling

Stride Gaming hits results jackpot

Online bingo group sees annual results above expectations

Online bingo group Stride Gaming PLC (LON:STR) forecast annual results above expectations after strong trading.

Stride expects net gaming revenue to be not less than £47mln against £27.8mln a year ago and pre-tax earnings before interest, depreciation and amortisation of not less than £12.3mln verssus £7.3mln last time.

Growth in the company's existing business had been particularly strong and the company is now the UK's fourth biggest online bingo operator.

Stride is integrating Tarco Assets, Netboost Media and 8Ball Games into the business after buying them at the end of August.

Chief executive Eitan Boyd said: "We are delighted with the organic growth from our underlying business which remains robust.

"This, coupled with the completion of our recent acquisitions, means we have significant scale, increased market share and are now the fourth largest online bingo operator in the UK.

"With these positive developments in mind, the company looks forward to the future with confidence."

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