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NetPlay TV revenues soar as acquisitions and new products kick in

NetPlay TV revenues soar as acquisitions and new products kick in
Shares in NetPlay TV (AIM: NPT)were in demand this morning after the company reported a strong set of preliminary results for the 12 months ended 31 December 2008.

2008 was a busy year for the interactive gaming services company, with a string of acquisitions completed and the launch of a number of new services to extend its reach into business to business (B2B) solutions for retail, television and online partners.

Financial highlights included a 118% increase in full year revenues to £19.8 million (2007: £9.1 million) and a move to positive earnings before interest, tax, depreciation and amortisation (EBITDA)  to £2.4 million (2008: £1.7 million loss).  

Netplay also confirmed that Q1 2009 trading was in line with budget, showing and EBITDA figure of £0.455 million, and gross monthly bets across its gaming operations exceeded £39 million in May.

Since January, Netplay has launched “Daily SuperDraw” on Channel 5, “Beat the Brain” on FX Channels with Fox International, completed the acquisition of Two Way Gaming and entered into an agreement to produce and manage Virgin Media’s “Challenge Jackpot”.

"NetPlay TV has come of age. The business has been transformed during the course of the year into a significantly larger interactive media business,” stated Netplay TV’s Non-Executive Chairman, Clive Jones. “The demand for "live" gaming is starting to gather momentum and we are uniquely positioned to take advantage of this major opportunity.  The UK Government is committed to the delivery of a fast Internet service for all and, as such, TV quality interactive programming is now available to an increased and growing number of UK homes."


NetPlay TV operates a number of interactive gaming services including SuperCasino.com, Bingos.com and EuroTeleMillions.com which air across various Freeview, Sky and FreeSat Channels.

Looking ahead, the company said it was now “widely recognised” as the market leader in TV interactive gambling formats and it intended to use its unique model to take advantage of commercial opportunities and consumer demand.

View full NPT profile View Profile

Netplay TV Plc Timeline

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February 02 2017
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September 13 2016
Newswire
January 14 2016

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