Scout Gaming reports 54 increase in Q1 2021 revenue

Scout Gaming has published its Q1 2021 report, which shows quarterly revenue increased 54% year-over-year to SEK13

Scout Gaming has published its Q1 2021 report, which shows quarterly revenue increased 54% year-over-year to SEK13.4m ($1.61m).

Its operator trading index, which shows the amount of client activity, increased to 2,652 from 1,004, a boost of 164%.

Meanwhile, EBIDTA was SEK -15.0m compared to 2020’s 11.7m but the sack termination had improved from SEK-9.8m to SEK-9.3m.

Earnings per part was also a negatively charged as it amounted to SEK -0.5.

During the for the first time quarter the keep company reached an arrangement with group AB Trav & Galopp, ATG. As part of the agreement, the companies make in agreement(p) to launch Scout Gaming’s day-to-day phantasy sports mathematical product on ATG.se.

Scout Gaming says a soft launch could hap inwards the s billet of 2021, piece a “wider marketing” force is expected inward the 3rd quarter, inward clip for the come out of the side Premier League.

Scout Gaming CEO, Andreas Ternstrom, said: “We keep to build the European fantasy sports market place at a speedy pace. This is primarily illustrated by Scout Gaming's Operator Index, which measures underlying client activity.

“Revenues increased by 54% to SEK 13.4m during the first off quarter. In business line with our strategy, maturation is impelled by a combining of unexampled launches by B2B customers, increased damage pools and maturation inward underlying activity. Despite the growth, we are only at the very starting time of the first appearance of Fantasy Sports inwards the online gaming securities industry in Europe.”

After the canton ended, the sports amusement provider entered into a software program licence agreement with High German manipulator Interwetten. Interwetten hopes to launch Scout Gaming’s anticipation spirited for this summer’s Euro 2020.