ATG experiences 5% increase in revenue in Q3 2023
ATG’s latest financial report covers the company’s performance in the third quarter of 2023.
The company’s latest report started off by highlighting ATG’s net revenue, which reached 1.35 billion kronor in the period, up by almost 5% from last year’s revenue of 1.29 billion kronor. This then led to an operating profit of 497 million kronor, up from last year’s profit of 437 million kronor.
In contrast to ATG’s Q3 performance, the firm’s revenue in the first nine months of the year experienced a slight decline, going from 3.887 billion kronor to 3.885 billion kronor. The firm’s operating profit went down by a similar margin in the period as well, going from 1.242 billion kronor to 1.241 billion kronor.
The company broke down its third-quarter revenue figures by the gambling experiences it offers, with wagering on thoroughbred racing having the largest share in revenue in the company’s Swedish operations at 79%, while casino experiences generated the most revenue in Denmark at 51%. The second place, on the other hand, was occupied by sports betting in Sweden and thoroughbred racing in Denmark at 11% and 33% respectively.
Lastly, the company also reported that its active player base remained the same throughout the year at 1.3 million people.