Press Releases
Yggdrasil Gaming Q1 2018 Update
Q1 highlights
- Revenues for the period increased by 73% year-on-year to MSEK 57.6 (Q1 2017: 33.3)
- FX tailwinds affecting revenue development positively and growth in local currency EUR was 65% year-on-year
- EBITDA for the period increased to MSEK 18.1 (13.3)
- The EBITDA margin for the period amounted to 31% (40)
- EBIT for the period increased to MSEK 13.8 (10.7)
- Number of player transaction (rounds) increased by 90.2% year-on-year to 1,333 million
- Three new games were released: Ozwin’s Jackpots, Gem Rocks and Easter Island
- 9 new licence agreements were signed including bet25.dk and two new partners in Italy, Lottomatica and Stanleybet
- Mobile gaming 61% of total estimated gross game win
- Announced entry into the table games vertical
- Announced plans to enter Spain with a GVC deal
- Launched the new studio partnership program, YGS Masters
- Previewed table games at ICE Totally Gaming at a spectacular new stand
- Crowned Innovator of the Year for the second time in row at the International Gaming Awards
Notable events after the quarter
- First exclusive Yggdrasil White Label Studios game, Royal Family, launched with LeoVegas
- Northern Lights signed as the first partner to join Yggdrasil’s YGS Masters
- One new slot game was released, Lucha Maniacs
Comment from Fredrik Elmqvist, CEO of Yggdrasil:
“Once again, I am proud to be in a position to present another action-packed quarter for Yggdrasil Gaming.
Let’s start with the numbers, which make for impressive reading. Total player rounds increased by 90.2% compared with Q1 2017, underlying the scale we are adding to our operations. This corresponded with revenues hitting MSEK 57.6, up 73% on the same period last year. Operating profitability as measured by EBIT was up 29% year-on-year to MSEK 13.8, yielding a margin of 24%. The decline in margin is accounted for by the additional investment at London’s ICE trade show, as well as costs taken in conjunction with the on-going expansion of the business.
On the subject of ICE, we enjoyed another hugely successful show this year. ICE is always the year’s biggest marketing event, and we received unprecedented feedback from customers and industry stakeholders this year. Ahead of the show, we once again received the prestigious Innovator Supplier of the Year at the International Gaming Awards. As ever, innovation remains at the very core of Yggdrasil’s DNA.
Innovation is on show in everything we do, but particularly in the strategic initiatives either progressed or launched during the quarter. We began the year announcing our upcoming table games product, which we are confident will revolutionise the vertical when it launches later this year. The product is based on a new, proprietary technological framework, REDUX, which combines the best aspects of live and RNG casino, allowing players to immerse themselves in a fully 3D environment. Similarly, our bingo product, announced at the end of 2017, continues to progress. Bringing the Yggdrasil spark to these new verticals presents us with a significant growth opportunity.
We also launched a new strategic partnership initiative, YGS Masters, in reaction to the increasingly fragmented gaming value chain. An invite-only, semi-open platform, YGS Masters will enable us to curate content from the world’s leading independent games studios and distribute via our platform.
Alongside these new initiatives, we continue to develop new, world-class casino slots content and expand our commercial operations. This quarter we announced our forthcoming entry in Spain, one of Europe’s fastest growing online gaming markets. Spain is a particularly exciting jurisdiction and a perfect match for Yggdrasil’s offering. Coming on the heels of our entries into Denmark and Italy, our commitment to expanding our footprint in Europe’s regulated markets is clear. Yggdrasil has also worked closely with our customers and I am very happy to announce that we have signed a number of high profile operators, adding to our strong customer list.
I believe the conditions are right for continued strong growth ahead. We see strong interest in our games and in-game promotional tools among both operators and end players. I am very excited regarding the opportunities laying ahead, and we will continue to prioritise growth and build upon our world-class offering.” – Fredrik Elmqvist, CEO and founder of Yggdrasil
Latest News
Fast Track welcomes PolarLotto: taking online lotto in Sweden to new heights
Malta, 28th March 2024 – PolarLotto, a leading provider of lotto betting services in Sweden, has just announced a strategic partnership with Fast Track, a leading provider of CRM solutions designed specifically for the iGaming industry. This collaboration aims to propel PolarLotto’s expansion from offline to online offerings, bringing the excitement of the world’s biggest lotteries to Swedish players in a safe and responsible manner.
PolarLotto prides itself on its commitment to transparent and ethical gaming practices, with a focus on player safety and responsible gaming. By teaming up with Fast Track, PolarLotto aims to leverage cutting-edge technology to expand its business model from traditional to online, ensuring a seamless and engaging experience for its customers.
Commenting on the partnership, Benjamin Burstein, CEO of PolarLotto, expressed enthusiasm about the possibilities ahead, stating, “We are excited to embark on this journey of transforming our business with the latest technology and automation tools provided by Fast Track. As we transition to the online space, we are confident that Fast Track’s expertise in custom segmentation, real-time data capabilities, and personalised experiences will enable us to better serve our players and achieve our business objectives.”
Fast Track also expressed confidence in the partnership, highlighting the potential for exceptional results through its Singularity model, which uses AI and machine learning to deliver tailored content to players, at the right time and through the most effective channel. “We are thrilled to partner with PolarLotto and support their online expansion,” said Simon Lidzén, CEO and co-founder of Fast Track. Our tools are designed to empower lean teams to achieve remarkable results, and we look forward to helping PolarLotto maximise their online presence and engagement.”
Latest News
Red Bull Gaming premieres ‘Memories of CS:GO’ documentary highlighting the game’s early years
As the CS2 PGL Major in Copenhagen is set to kick off, Red Bull Media House will unveil a captivating feature-length documentary, “Memories of CS:GO – The Early Years,” an ode to one of the most influential games ever made.
This film takes viewers on an immersive journey through the origins and evolution of Counter-Strike: Global Offensive (CS:GO), featuring personal accounts and defining moments from several of the most legendary figures of the game.
The 90-minute documentary, narrated by Counter-Strike commentator Henry “HenryG” Greer, chronicles the remarkable trajectory of CS:GO, from its grassroots beginnings to becoming a global esports phenomenon.
Produced by Red Bull Media House, the film captures the essence of the game through the eyes of its most well known players, including Olof “olofmeister” Kajbjer Gustafsson, Patrik “f0rest” Lindberg, Richard “shox” Papillon, Gabriel “FalleN” Toledo, and Jarosław “pashaBiceps” Jarząbkowski, among others.
The documentary’s release is timed to precede the playoff stage of the PGL Major Copenhagen, scheduled for March 26, 2024. It will premiere on Red Bull Gaming’s YouTube channel at 21:00 CEST, offering viewers worldwide an insider’s perspective on the beloved game.
Event Details:
- What: Premiere of “Memories of CS:GO – The Early Years”
- When: March 26th, 2024, at 21:00 CEST
- Where to watch: Red Bull Gaming’s Youtube Channel
- The “CS:GO Memories” documentary can be viewed shareit.redbull.com
Latest News
Ten Square Games ready for a new development opportunities in 2024
2023 ESPI package
The following documents in pdf format are equivalents of the official Consolidated Financial Statement which were reported in ESPI (download in the zip file above)
2023 Consolidated Financial Statement
2023 Management Board Report on Activities
Independent Auditor’s Report on the Audit of Annual Consolidated Financial Statements
Link to the stream
Link to the chat with individual investors
Presentation
Factsheet
Financial data
Transcription of the conference and Q&A session
For complete press release visit tensquaregames.com
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