{"id":53281,"date":"2021-11-11T09:15:47","date_gmt":"2021-11-11T12:15:47","guid":{"rendered":"https:\/\/igamingbrazil.com\/uncategorized\/2021\/11\/11\/leovegas-shows-12-increase-in-third-quarter-revenue\/"},"modified":"2021-11-11T09:16:45","modified_gmt":"2021-11-11T12:16:45","slug":"leovegas-shows-12-increase-in-third-quarter-revenue","status":"publish","type":"post","link":"https:\/\/igamingbrazil.com\/en\/online-en\/2021\/11\/11\/leovegas-shows-12-increase-in-third-quarter-revenue\/","title":{"rendered":"LeoVegas shows 12% increase in third quarter revenue"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">LeoVegas reported revenue of \u20ac99.4 million for the third quarter of 2021, an increase of 12% over the same period last year. Organic growth in local currencies was 8%, while excluding Germany revenues were up 31%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Net Gaming Revenue (NGR) from regulated markets and markets where the group pays local gaming taxes was 66% of total NGR, while EBITDA was \u20ac11.5 million. The number of customers increased by 7% to 469,721.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAll major markets performed well during the quarter, with our home market in Sweden being the big star. The favorable revenue growth for the group confirms that the strategy of simultaneously expanding multiple markets and relaunching the Expekt brand was a success,\u201d said Gustaf Hagman, President and CEO of LeoVegas.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Hagman added that \u201cthe company is now more diversified than ever and we were able to offset the sharp drop in revenue in Germany. During the quarter, we delivered flat operating profit compared to the prior year despite a strong increase in taxes paid on games and higher marketing investments to revenue compared to the prior year.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">LeoVegas CEO concluded: \u201cIn pace with revenue growth, the marketing investment share is expected to gradually decrease from current levels. At the same time, we continue to invest in products and technology ahead of the next market expansions, including the next launch in the United States.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">About LeoVegas<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">LeoVegas is a Swedish mobile gaming company and provider of online <a href=\"https:\/\/igamingbrazil.com\/en\/casino-en\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"casino\">casino<\/a> and <a href=\"https:\/\/igamingbrazil.com\/en\/online-en\/2021\/11\/05\/leovegas-sets-smart-deposit-limits-for-its-uk-customers\/\" target=\"_blank\" rel=\"noreferrer noopener\">sports betting<\/a> services such as table games, slot machines, progressive jackpots, video poker and live betting in various international markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company was founded in 2011 by Gustaf Hagman and Robin Ramm-Ericson. At the Global Gaming Awards London 2021, the group won the &#8220;Online <a href=\"https:\/\/igamingbrazil.com\/en\/casino-en\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"casino\">Casino<\/a> of the Year&#8221; award for the fourth consecutive time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LeoVegas reported revenue of \u20ac99.4 million for the third quarter of 2021, an increase of 12% over the same period last year. Organic growth in local currencies was 8%, while [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":53262,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3046],"tags":[4256,3242,3114],"class_list":["post-53281","post","type-post","status-publish","format-standard","has-post-thumbnail","category-online-en","tag-gustaf-hagman-en","tag-leovegas-en","tag-sports-betting-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LeoVegas shows 12% increase in third quarter revenue - iGaming Brazil<\/title>\n<meta name=\"description\" content=\"LeoVegas reported revenue of \u20ac99.4 million for the third quarter of 2021, an increase of 12% over the same period last year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/igamingbrazil.com\/en\/online-en\/2021\/11\/11\/leovegas-shows-12-increase-in-third-quarter-revenue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LeoVegas shows 12% increase in third quarter revenue - iGaming Brazil\" \/>\n<meta property=\"og:description\" content=\"LeoVegas reported revenue of \u20ac99.4 million for the third quarter of 2021, an increase of 12% over the same period last year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/igamingbrazil.com\/en\/online-en\/2021\/11\/11\/leovegas-shows-12-increase-in-third-quarter-revenue\/\" \/>\n<meta property=\"og:site_name\" content=\"iGaming Brazil\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/igamingbrazil\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-11T12:15:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-11T12:16:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/igamingbrazil.com\/wp-content\/uploads\/2021\/11\/LeoVegas-apresenta-aumento-de-12-na-receita-do-terceiro-trimestre.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"696\" \/>\n\t<meta property=\"og:image:height\" content=\"375\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Cristina Possamai\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@iGamingBrazil\" \/>\n<meta name=\"twitter:site\" content=\"@iGamingBrazil\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cristina Possamai\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/igamingbrazil.com\\\/en\\\/online-en\\\/2021\\\/11\\\/11\\\/leovegas-shows-12-increase-in-third-quarter-revenue\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/igamingbrazil.com\\\/en\\\/online-en\\\/2021\\\/11\\\/11\\\/leovegas-shows-12-increase-in-third-quarter-revenue\\\/\"},\"author\":{\"name\":\"Cristina Possamai\",\"@id\":\"https:\\\/\\\/igamingbrazil.com\\\/en\\\/#\\\/schema\\\/person\\\/eabb78166341908c4775beaf4abda609\"},\"headline\":\"LeoVegas shows 12% increase in third quarter revenue\",\"datePublished\":\"2021-11-11T12:15:47+00:00\",\"dateModified\":\"2021-11-11T12:16:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/igamingbrazil.com\\\/en\\\/online-en\\\/2021\\\/11\\\/11\\\/leovegas-shows-12-increase-in-third-quarter-revenue\\\/\"},\"wordCount\":289,\"publisher\":{\"@id\":\"https:\\\/\\\/igamingbrazil.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/igamingbrazil.com\\\/en\\\/online-en\\\/2021\\\/11\\\/11\\\/leovegas-shows-12-increase-in-third-quarter-revenue\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/igamingbrazil.com\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/LeoVegas-apresenta-aumento-de-12-na-receita-do-terceiro-trimestre.jpg\",\"keywords\":[\"Gustaf Hagman\",\"LeoVegas\",\"Sports Betting\"],\"articleSection\":[\"Online\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/igamingbrazil.com\\\/en\\\/online-en\\\/2021\\\/11\\\/11\\\/leovegas-shows-12-increase-in-third-quarter-revenue\\\/\",\"url\":\"https:\\\/\\\/igamingbrazil.com\\\/en\\\/online-en\\\/2021\\\/11\\\/11\\\/leovegas-shows-12-increase-in-third-quarter-revenue\\\/\",\"name\":\"LeoVegas shows 12% increase in third quarter revenue - 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