NetEnt Marches on With 13th Straight Positive Quarter
Premium online gaming company NetEnt continues to show positive growth, with third quarter reports detailing an impressive 27.7% rise in revenue.
NetEnt’s recent success isn’t a surprise, as their speedy rise has been noted across the gambling industry. CalvinAyre.com noted the online gaming company’s continued success dating back to 2012, when current CEO Per Eriksson took over the reins.
Eriksson has played a key role in the rise of NetEnt, which has been in existence since 1996 but has really ballooned over the last four years. That impressive run of 13 positive quarters has come during that span, where the online gaming outfit has also put up a remarkable 22.9% year-on-year increase in operating profit.
An even better visual of NetEnt’s continued success has been their revenue across their first nine months of 2016 ($1.1 billion), which shows a 20.2% rise over that same stretch in 2015.
Onward & Upward
Erikkson cited the company’s well-mapped growth strategy and ability to tackle new markets as reasoning for the continued success:
“NetEnt’s growth strategy keeps delivering results. We grow on new markets, with new products and with more customers”.
It’s easy to point that out now, after the fact, that the company’s strategy is working and the risks are paying off. Still, NetEnt can probably hang their hat on terrific timing – as well as excellent products – as well as their strategy and planning.
The biggest key of all to NetEnt’s success, of course, may be their reluctance to stand pat.
Erikkson pointed out that NetEnt remains busy and is constantly looking for new markets and customer bases to jump on.
Just recently Eriksson and co. practiced what they preach, per GamblingInsider.com:
News: NetEnt points to sustainability and innovation as it records a positive Q3 https://t.co/iJqqJ1XrJv
— Gambling Insider Mag (@G_Insider) October 21, 2016
The company remained active in their last quarter, pushing out new games in Romania’s regulated market, as well as rolling out their mobile live casino product.
The point? NetEnt realizes how far its come, but it never stops wanting more. Whether it’s more, better products, more dedicated customers or newer markets that can be tapped into via a variety of new ways.
An eye is forever on growth, and NetEnt’s desire to grow even in a year where they’re far beyond the previous year may state that better than anything else.
Eriksson suggested as much, pointing out that the company remains ambitious for the remaining months of 2016:
“Our ambition to achieve continued strong sales growth in 2016 remains”.
That’s not just ambition or fodder for the cannon. NetEnt has been crushing it and with elite management, products and execution, figure to remain a prominent supplier of online gaming technology for quite some time.
Positive Share & Hold
CalvinAyre.com did more than point out NetEnt is a successful gaming industry giant. They noted their immense value out on the stock market.
NetEnt has been running wild ever since 2012, with shares increasing by a mind boggling 712%.
It’s naturally not cheap to get in on the ground floor with NetEnt, but stock traders will surely still want a piece of the pie. And those who already are knee-deep in the green won’t want to let go.
The beauty with NetEnt is the dividends have already arrived and the company is projecting positive numbers far down the road. Shares will cost a pretty penny because of that, but judging off of the success the company has seen – and how intuitive and creative they’ve been – it stands to reason that the price will match the growth when it’s all said and done.
CalvinAyre.com suggests this could be an unstoppable online gaming entity due to their fresh products (namely the live mobile gaming products) and the company’s ability to capitalize on new markets and niche products give it a chance to be even more profitable in the coming years.
Just how profitable NetEnt will be to close 2016 or even in 2017 and 2018 is anyone’s guess. What we know for sure is the company hasn’t slowed down yet and doesn’t seem content. That’s about all you can ask of a company in the online gambling industry – or any company at all. And if you already own shares in NetEnt, well, this has to simply be music to your ears.
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