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Leo Vegas' profit for the second quarter will be higher than expected.
In preliminary, the company estimates that Ebidta 's profit should be 15 million euros for the second quarter. "During the World Cup, many gaming companies with sports games as the main goal have significantly increased their budgets, so the long-standing efficiency and customer value." The visibility was uncertain. models have indicated that we should not advertise in certain channels, then we simply resigned, which led to significantly higher EBITDA than expected.We are acting in accordance with our financial goals which are to reach at least 600 million euros in turnover and 100 million euros in performance by 2020, "says Gustaf Hagman, CEO of LeoVega's mobile gaming group
.The Vegas report for the second quarter will be released on August 1. The margin at the ebitda level is estimated at about 17%.
"The reason the preliminary result is communicated prematurely is that market costs Leo Vegas ing are preliminary about 35%. in the first quarter quarterly report, where it was expected that marketing costs over revenue would exceed 42% in the second quarter, "writes the company in a press release.
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