Harian · May 19, 2021

Scout Gaming experiences 54% increase in Q1 2021 revenue

Scout Gaming has revealed its Q1 2021 report, which demonstrates quarterly revenue increased 54% 12 months-more than-12 months to SEK13.4m ($1.61m).

Its operator trading index, which exhibits the volume of client action, greater to 2,652 from 1,004, a rise of 164%.

In the meantime, EBIDTA was SEK -15.0m compared to 2020’s 11.7m but the internet result had enhanced from SEK-9.8m to SEK-9.3m.

Earnings for each share was also a negative as it amounted to SEK -.5.

In the course of the initial quarter the enterprise reached an settlement with AB Trav & Galopp, ATG. As element of the arrangement, the providers have agreed to start Scout Gaming’s each day fantasy sports product or service on ATG.se.

Scout Gaming claims a comfortable launch could come about in the next quarter of 2021, while a “wider marketing” thrust is expected in the 3rd quarter, in time for the start out of the English Leading League.

Scout Gaming CEO, Andreas Ternstrom, mentioned: “We keep on to construct the European fantasy sports activities sector at a swift tempo. This is generally illustrated by Scout Gaming’s Operator Index, which steps fundamental client action.

“Revenues improved by 54% to SEK 13.4m all through the 1st quarter. In line with our technique, expansion is driven by a combination of new launches by B2B buyers, greater price tag pools and development in fundamental exercise. Despite the growth, we are only at the very starting of the introduction of Fantasy Sports activities in the on the internet gaming sector in Europe.”

Just after the quarter ended, the sports activities enjoyment supplier entered into a application license settlement with German operator Interwetten. Interwetten hopes to launch Scout Gaming’s prediction game for this summer’s Euro 2020.