LONDON, UNITED KINGDOM–(Marketwired – Aug 15, 2017) – Jackpotjoy PLC (LSE: JPJ)
LSE: JPJ
Jackpotjoy plc
Results for the Three and Six Months ended 30 June 2017
Q2 revenue up 17% year-on-year
Full year 2017 outlook confirmed
LONDON, 15 August 2017 – Jackpotjoy plc (LSE: JPJ), the largest online bingo-led operator in the world, today announces the results of the Jackpotjoy group (the “Group”) for the three and six months ended 30 June 2017.
Financial summary
| Three months ended 30 June 2017 (£m) |
Three months ended 30 June 2016 (£m) |
Reported Change % |
Six months ended 30 June 2017 (£m) |
Six months ended 30 June 2016 (£m) |
Reported Change % |
|||||||
| Revenue | 75.2 | 64.3 | 17 | 146.6 | 129.7 | 13 | ||||||
| Net (loss)/income (as reported under IFRS) | (4.8) | (14.9) | 68 | (20.1) | (9.8) | (105) | ||||||
| Adjusted EBITDA1 | 30.0 | 23.5 | 28 | 59.2 | 51.5 | 15 | ||||||
| Adjusted net income1 | 21.8 | 19.1 | 14 | 42.6 | 42.6 | – | ||||||
| Operating cash flows | 22.3 | 18.4 | 21 | 45.6 | 44.9 | 2 | ||||||
Financial highlights for the second quarter
- Strong financial performance:
— Revenue grew 17%, or 16% on a like for like constant currency basis
— 18% revenue growth in the Jackpotjoy segment (70% of Group revenue)
— Adjusted EBITDA1 increased 28%, or 31% on a like for like constant currency basis, reflecting strong growth across all business segments
— Adjusted net income1 increased 14% year on year
- Strong cash generation:
— Operating cash flow growth of 21% year on year
— 30p of operating cash flow per share2
— Debt pay-down continues; adjusted net leverage ratio3 including earn-out liabilities down to 3.6x
— Gross debt including earn-outs reduced from £514.8 million at 31 December 2016 to £414.5 million
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