In Q2, wagers were up 1.0% year-on-year to PLN1.11bn, despite Q2 of 2021 including the rescheduled Euro 2020. However, net gaming revenue – which includes gambling taxes as well as winnings – declined by 16.6% to PLN138m.
The business had 375,000 active users during the quarter, down from 417,000 in the same period of 2021. In addition, it reported 92,000 new registrations, down 22.7%, and 66,000 first-time depostors, down 19.2%.
Looking at the first half of 2022, net gaming revenue came to PLN296m, very slightly up from the same period of 2022.
The increase came as total wagers with the operator dipped sightly to PLN2.19bn.
“In the first half of this year, we achieved very good operating results,” STS chief executive Mateusz Juroszek said. “We have slightly improved NGR – the value of amounts staked by the customers, less the winnings paid and gambling and lottery tax – compared to the same period last year.
“It is worth noting that in 2021, the Euro 2020 was played in that period.
“In the second half of this year, we hope that the very attractive calendar of sports events and the World Championships in Qatar will allow us to develop even better operating indicators, which will also positively translate into financial results.”
Original article: https://igamingbusiness.com/sts-revenue-declines-despite-higher-stakes-in-q2/
