Probability 3Q Revenues Break Records With Increased Mobile Gambling
Probability 3Q
Probability 3Q numbers were the strongest in company history with a 20% increase in revenues and a 22% increase in new customer acquisition.
Probability (LON:PBTY), Mobile casino software provider saw its strongest 3Q in company history both in the growth of customer deposits as well as the growth of wagering and customer activity. The 2Q first saw the beginning of the accelerated growth in all areas, continued into 3Q and culminated with a record breaking month of December in both wagering and deposits.
The most welcome increase was the share of deposits made through iPhone and Android devices, which increased to 27% in December even though the services were launched only four months earlier.
December was the company’s best month yet with a 35% increase in mobile casinos deposits over the previous quarter. Analysts explain this unexpected spurt of growth on an unusually cold December, with multiple blizzards causing an increase in mobile phone usage as customers were unable to leave their homes.
“This was a record quarter for Probability. It seems that the snow helped, and our hunch is that customers were turning to their mobiles for entertainment when they found themselves stuck at home or elsewhere,” states the chief executive of Probability, Charles Cohen.
According to mobile gambling news, the acquisition of new customer during the 3D quarter showed a 22% improvement over the previous quarter. Probability sign up 48,102 new players this quarter compared to 39,190 new players during the 2nd quarter. 3rd quarter net gaming revenue reached £1.5 million, a 20% improvement from the previous quarter and 30% year to year improvement.
Broker Daniel Stewart welcomed the news that proved that consumers have accepted the mobile gaming format, and applauded the continuing indications of the popularity of Probability software. Mr. Stewart continues to rate Probability stock with a ‘buy’ recommendation. Shares jumped up 8.25p at 63.25p in London.
people like to gamble more and more, end of the crisis?
If you look at the overall history of humans, I believe that today’s age has the lowest percentile of gamblers than ever in the past. Making bets while managing risk is human, and any effort by politicians to stifle it is vile demagoguery.
Damn, I should have purchased stocks in Probability months ago.
people like to gamble more and more, end of the crisis?
If you look at the overall history of humans, I believe that today’s age has the lowest percentile of gamblers than ever in the past. Making bets while managing risk is human, and any effort by politicians to stifle it is vile demagoguery.
Damn, I should have purchased stocks in Probability months ago.