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Companies >
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Stride Gaming >
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(Bin)going strong

  • 23 May 2016

(Bin)going strong


Stride Gaming (STR:LON) | 0 0 (-0.9%) | Mkt Cap: 146.2m


  • Edison
    • Eric Opara

    • 7 pages

Gambling image



 
Gambling image



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 share was announced, a year earlier than we had expected, in recognition of the cash-generative nature of Stride’s business and management’s positive outlook.


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(Bin)going strong


Stride Gaming (STR:LON) | 0 0 (-0.9%) | Mkt Cap: 146.2m


  • Published: 23 May 2016
  • Author: Eric Opara
  • Pages: 7
  • Edison


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 share was announced, a year earlier than we had expected, in recognition of the cash-generative nature of Stride’s business and management’s positive outlook.



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