Efficiency & Cost focus helps NetPlay TV post profits in 2015

Declaring its full-year 2015 results (period ending 31 December), interactive gambling operator NetPlay TV posted net revenues of £26.4 million down 4% on FY 2014’s £27.4 million.

The London AIM-listed operator who in 2015 had undertaken a corporate restructure focusing on cost savings and operational efficiencies, reversed its FY earnings results posting corporate profits of £600,000 (FY 2014: – £100,000).

NetPlay TV governance was pleased with corporate results, as the company hit its 2015 guidance declaring adjusted EBITDA of £2.7 million.

Detailing performance highlights, NetPlay TV reported that it had seen a 17% increase in new customers to +88,000. Improved retention capabilities saw NetPlay TV record a further 14% increase in ‘active depositing players’ to +115,000.

Continuing its focus on operational cost savings, NetPlay governance reported that it had reduced Total marketing expenditure to £9.4m (2014: £12.9m) with B2C Marketing expenses decreasing by £4.2m to £8.7m.

Bjarke Larsen, CEO of NetPlay TV, commented on 2015 performance:  

“We have delivered significant strategic and operational progress in the year, resulting in adjusted EBITDA at the top end of market expectations.

“We successfully navigated the impact of the UK Point of Consumption duty as a result of the initiatives implemented at the end of 2014 and positioned the company for future