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Kindred surprises – larger profit than expected

» Published: 24 July 2024

Kindred surprises – larger profit than expected
Photo: Wayne Parry/AP/TT

The gaming company Kindred reports a profit before tax of 55.6 million pounds for the second quarter, which is higher than market expectations.

Analysts had, according to Bloomberg's compilation, expected a profit of 46.7 million pounds.

The revenue simultaneously amounted to 327.6 million pounds, an increase of 7 percent. Here, the average expectations were 329.5 million pounds. The company also reports that the number of customers increased by 12 percent to approximately 1.7 million.

"Throughout the entire second quarter, a strong activity was seen in the sportsbook, with the European Championship 2024 further boosting customer engagement towards the end of the period", writes CEO Nils Andén in the company report.

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By TTThis article has been altered and translated by Sweden Herald

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