STS Holding Group achieved adjusted EBITDA of PLN 73 million in the third quarter of 2022, compared to a profit of PLN 52 million a year ago, the company said in the report. Analysts polled by PAP Biznes expected an EBITDA of PLN 63.3 million.

Revenue for the third quarter of 2022 was PLN 150 million, compared to PLN 119 million a year earlier, and consolidated net profit was PLN 49 million, compared to PLN 30 million a year ago. According to calculations by PAP Biznes, the net profit amounted to PLN 48.9 million and the operating profit to PLN 63.3 million.

Analysts polled by PAP Biznes expected revenue of PLN 143.6 million, EBIT of PLN 56 million and net profit of PLN 42.3 million

Cumulatively, at the end of September 2022, STS Holding recorded consolidated revenues of PLN 413 million, an increase of 8%. compared to the same period last year. Consolidated net profit amounted to PLN 111 million, compared to PLN 116 million a year ago. From January to September 2022, adjusted EBITDA amounted to PLN 190 million, i.e. it increased by 6%. a/a

In Q1-Q3 2022, the Group generated NGR of PLN 463 million, compared to PLN 429 million a year ago. From January to September 2022, the value of bets placed by the group’s customers amounted to 3.3 billion PLN, while a year ago it was 3.274 billion PLN. In the third quarter of 2022 alone, the group generated the highest NGR on a quarterly basis, amounting to PLN 167 million (PLN 134 million a year ago).

“In the third quarter of this year, we had strong player activity mainly linked to a very intense schedule of sporting events. Football matches due to the World Cup in Qatar have already started during the holiday season. Moreover, the Polish volleyball and basketball players and Iga Świątek showed good form at international tournaments, all of which meant that the players had a number of opportunities to place bets. ongoing in Qatar is a great event for increased acquisition of new players. Also, having 32 teams participating and playing dozens of matches means bettor activity will definitely be high,” said President Mateusz Juroszek, quoted in the press release.

In the three quarters of 2022, the number of active users was 576 thousand. The group registered from January to September 237 thousand. new registrations and the number of customers who made their first deposit stood at 163,000.

(PAP company), #STH

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See also: STS Holding SA – quotes, financial results, dividends, ratios, shareholding structure