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YGGDRASIL CONFIRM STRONG Q3 RESULTS

Source: bluffed.net


Making giant strides in 2025, says CEO.

Yggdrasil Gaming delivered impressive results in a third quarter update this week saying September was the first month with a positive EBIT.

During the third quarter, revenues increased 339% year-on-year to SEK 5.3 million while bet turnover increased by 449% to SEK 1,003.5 million. Mobile gaming accounted for 33% of total gross game win.

"Yggdrasil has moved to another level in Q3," said chief executive officer Fredrik Elmqvist.

"I'm thrilled that we were in the black with our EBIT in September for the very first time and EBITDA is positive on the full year so far.

"This demonstrates that the business is flourishing and it's a very exciting time for everyone involved.

"We have an aggressive growth strategy and the investment we have made in our products and services has really come to fruition."

The company is experiencing a strong growth phase now employing 38 employees between its Malta and Krakow offices, a 50% jump since Q2/2015.

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