Stride Gaming’s interim results for the six months to end February 2016 show that it continues to execute well. L-f-l revenue was up 21%, led by its online bingo and slots offering (up 31%, well ahead of the wider market). Its social gaming business increased profit and margins on flattish revenues as management dialled down marketing while it invested in product improvements. We increased our FY16 EBITDA estimate by £0.5m to £11.8m. An inaugural interim dividend of 1.1p per
23 May 2016
(Bin)going strong
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
(Bin)going strong
Stride Gaming (STR:LON) | 0 0 (-0.9%) | Mkt Cap: 146.2m
- Published:
23 May 2016 -
Author:
Eric Opara -
Pages:
7
Stride Gaming’s interim results for the six months to end February 2016 show that it continues to execute well. L-f-l revenue was up 21%, led by its online bingo and slots offering (up 31%, well ahead of the wider market). Its social gaming business increased profit and margins on flattish revenues as management dialled down marketing while it invested in product improvements. We increased our FY16 EBITDA estimate by £0.5m to £11.8m. An inaugural interim dividend of 1.1p per