By Simon Wright Aug 10, 2022
Fantasma Video games, the developer of slots past playing, has posted one other set of extremely robust financials, with gross gaming income growing a large 314% yr on yr through the second quarter.
Internet gross sales for the group, which additionally contains subsidiary studio, Weiner Video games, got here in at MSEK 7.5, up a major 396% yr on yr whereas gaming income hit MSEK 6.3 through the quarter, up 314% yr on yr. Fantasma accounted for MSEK 5.4 of turnover and Weiner Video games MSEK 2.1.
A most important driver of progress through the interval was the rise in complete gaming turnover, which jumped 120% YoY to MSEK 1,439 whereas gross gaming income leapt 269% to MSEK 84. A contributing issue to the upper gross gaming income in comparison with gaming turnover was attaining a margin of 5.9%.
These headline numbers allowed Fantasma Video games to ship EBITDA of MSEK 1.1 in comparison with a lack of MSEK 1 within the earlier quarter and pushed the studio into profitability for the three-month interval and likewise for the primary half of the yr the place EBITDA got here in at MSEK 0.6.
It has been a busy quarter for Fantasma Video games, which noticed founder Fredrik Johansson return to the function of CEO with the backing of the studio’s main shareholders who consider he’s one of the best particular person to guide from the entrance and ship the developer’s bold progress plans.
This contains taking up the US market, the place it’s now stay with tier one operator BetMGM with standard slots Bounty Showdown and Wins of Nautilus Megaways now accessible to gamers in West Virginia, Michigan and Pennsylvania, with extra state launches set for the second half of the yr.
The studio has additionally strengthened its place in core markets equivalent to Canada and Italy, in addition to the UK the place it has undertaken unique launches with tier one operators equivalent to Flutter Leisure and throughout its Paddy Energy, Sky Wager, PokerStars and Betfair manufacturers.
Fredrik Johansson, the Chief Government Officer of Fantasma Video games who we interviewed again in September final yr, stated: “What 1 / 4 it has been for Fantasma Video games. We’ve got pushed progress throughout all KPIs which is a testomony to the recognition and efficiency of our video games in regulated markets world wide.”
“This progress has come from persevering with to ship slots that take the expertise to the subsequent stage, but additionally by way of coming into new markets and signing exclusivity agreements with energy gamers in our core jurisdictions.”