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Listed Gambling Companies Report Aggregated 24% YoY Growth in Q3 2023

Over the past few months H2 has extended its company coverage to a total of 97 companies across the gambling space, across operators, suppliers, affiliates and a handful of social casino operators. These companies generated €128bn of revenue between them in 2022.

Of the 74 companies that report quarterly results (18 report half yearly with the remaining 5 companies reporting annually), 24 are yet to report Q3 data. The 50 companies that have reported results have registered €29.8bn of revenue, up 24% year on year. Taking into account the other 14 companies yet to report, this growth would result in quarterly revenue of €32.2bn. Within this, online operators and suppliers are forecast to report revenues up 13% year on year to just short of €9bn, while the land-based operators and suppliers are forecast to increase revenues by 29% year on year to €22bn. Online revenue growth has slowed slightly MoM with an c8% decline so far in Q3 from the previous quarter. Operators have mainly cited customer friendly sporting outcomes as the main contributor to the decline, due to tighter margins. The healthy land-based recovery is largely being driven by Asian facing operators, notably in Macau, while the US casino market remains robust.

As well as detailed written company reports and quantitative financial models, H2 also produces conference call notes for 19 of the companies under coverage (14 of which report on a quarterly basis). All of which for Q3 23 are now available to download from the subscriber area, with the one exception of Kindred which is still yet to report Q3 revenues (reporting 29 November). H2 also provides an aggregated model of revenues for all the companies under coverage, which is split by revenue type (land vs online, B2C vs B2B, sport vs gaming) on a quarterly, half-yearly and annual basis. This is updated on a weekly basis as each company reports to allow you to track and compare each company's latest results to the wider space. Once the final companies have reported, H2 will finalise its quarterly earnings summary / round-up and provide a full analysis of the quarter's results.

All of the above companies data is available as part of the Standard subscription package, which includes online market share for North America, Europe, Latin America and Oceania, as well as land-based market share for key Asian markets.

Please contact josh.hodgson@h2gc.com for more information regarding our companies analysis and find out how it could help you in your decision aming and market analytics process.