NetEnt Releases First Quarter Financials for 2015

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Net Entertainment has made a lot of major moves over the past few years. Despite starting around the same time as Microgaming back in 1996, they've always been lesser known until here recently. When they started pushing for a higher-quality online casino product, their value shot through the roof, and they're still riding the wave of that momentum with great news in the first quarter of 2015. This includes some great financial numbers and a number of key pieces of news from the first three months of this year that shows they are still taking growth very seriously.

When compared to the same period of time for 2014, revenues for the first quarter of this year increased by a whooping 37.1 percent. This comes to a total of €27.51 million. To give an idea of how much of that was operating profit, it was about €8.7 million, which was an overall increase of 59.8 percent compared to the same period last year. Their total operating margin was about 31.7 percent, and their overall profit after paying all of their taxes and fees came to around €7.9 million. It's important to notice that this was a slightly larger increase from last year of 60.9 percent when compared to the 2014-to-2015 figures for operating profit.

The first quarter has named a number of major news items for NetEnt. One of those is that they were given licensed to operate in the United Kingdom, which adds a ton of value to their reputation. They also launched seven new online casinos for existing customers, and they signed 11 new agreements for licensing their software, including deals in the United Kingdom, Spain and Denmark. It's been a busy three months for this company, and it'll be interesting to see how far this momentum carries them as 2015 continues.

Net Entertainment is a developer of online casino games, and they have one of the best overall products available in the industry. They were able to achieve this position by focusing on quantity over quality and realizing that having hundreds of games was useless if tons of them were essentially the same game with slightly different graphics. They focus on giving players an excellent visual presentation, and they also innovate on a major level with tons of new features and methods of giving players payouts at all different levels.

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