SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Kindred surprises – larger profit than expected

» Published: July 24 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.

Related

Tags

TTT
By TTThis article has been altered and translated by Sweden Herald
Loading related posts...