OGQ: NeoGames leads revenue growth in Q4 2022
Online Gambling Quarterly analyses the key financial figures of igaming companies from the fourth quarter of 2022
Total revenue growth analyses (YoY) – for more data click here.
- On average, total revenue (all verticals…) grew in Q4 2022 by +47% (YoY) – excluding NeoGames, the average growth rate is +35%.
- Best practice growth (YoY) was achieved by NeoGames with +465%. NeoGames is a provider of ilottery and igaming solutions and recently acquired Aspire Global (including BtoBet and Pariplay). Revenue was $69.2m in Q4 2022, compared to $12.3m a year before. Q4 2022 was the second quarter after the completion of Aspire Global, which was the key revenue driver in this quarter.
- Lowest/negative growth – At the bottom of the ranking we find Scout Gaming and Angler Gaming.
Total revenue growth analyses (QoQ) – for more data click here.
- Average growth – On average, revenue increased in Q4 2022 (compared to the previous quarter – Q3 2022 – QoQ) by +18%.
- Best practice growth (QoQ) – Best practice growth (QoQ) was achieved by DraftKings (+70%). DraftKings reported revenue of $855m, driven primarily by continued customer retention and monetisation in existing states and the launches in additional jurisdictions as well as by “structural sportsbook hold improvements”.
Betting revenue growth analyses (YoY) – for more data click here.
- Average growth – On average, betting revenue increased in Q4 2022 (compared to a year earlier) by +56% (YoY).
- Best practice – The best practice was achieved by the overall Spanish market “Spain total (DGOJ)” with +217% (YoY).
- Lowest/negative growth – At the bottom of the ranking we find Entain online and the Danish market.