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NetEnt fires on all cylinders with strong Q1 results

For the best part of a decade NetEnt has been riding an unbelievable wave of momentum, with that showing no signs of slowing down in 2016. Building off an extremely successful 2015, it seems like this globally known casino software developer has expansion on the mind, with its strong Q1 results showing that growth is taking place at a lightning fast rate. 

The rise of NetEnt

 When weighed up against the competition it is fair to classify NetEnt as wealthy, with the company’s financial results going a long way in backing that up. For Q1 2016, when compared with Q1 2015, the company reported a massive 57% increase in operating profits to a little over SEK 128 million. Profit post-tax rose to SEK 121.7 million, representing a 64% jump, with operating margins also shifting from 31.7% up to 37.1%. 

European Markets

 The above figures certainly tell quite the story, as it keeps in line with the rapid expansion of NetEnt in European markets. Boasting software distribution agreements with the likes of EUCasino, Playamo, and 777 Casino (along with a selection of other online casino thoroughbreds) NetEnt has been able to increase the number of eyes on its games. It should also be noted that NetEnt has been at the forefront of the online casino revolution that is currently taking place in North America. NetEnt launches new slot Pyramid: Quest for Immortality


For any casino software developer it is always going to be important to start the year strong. NetEnt has done just that in 2016 with Q1 results that work to put rival brands in the shade. Looking at NetEnt, it looks like Q1 has laid the groundwork for what looks to be a strong year ahead, with increased growth looking likely.  

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