Stride Gaming PLC

Stride Gaming PLC enjoys 'fantastic' period

The bingo group Stride Gaming PLC (LON:STR) revealed impressive growth in revenues and earnings in its results for the year to the end of August as the impact of a recent spate of acquisitions was felt on the top and bottom lines.

Net gaming revenue was up 22% to almost £48mln and EBITDA 27% higher to £12.3mln in the 12 months ended August.

Speaking to Proactive CEO Eitan Boyd puts the growth down to better reach, better content and better distribution.

Stride spent over of £70mln on 8Ball, Netboost Media and the Tarco Assets as it roll-up strategy gained traction.

''We're currently very much focused on organic growth and acquisitive growth'', Boyd added.

Quick facts: Stride Gaming PLC

Price: £1.49

Market: AIM
Market Cap: £112.95 m

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