Jackpotjoy PLC: Interim Results ended 30 June 2017

LONDON, UNITED KINGDOM--(Marketwired - Aug 15, 2017) - Jackpotjoy PLC (LSE: JPJ)

LSE: JPJ

Jackpotjoy plc
Results for the Three and Six Months ended 30 June 2017

Q2 revenue up 17% year-on-year
Full year 2017 outlook confirmed

LONDON, 15 August 2017 - Jackpotjoy plc (LSE: JPJ), the largest online bingo-led operator in the world, today announces the results of the Jackpotjoy group (the "Group") for the three and six months ended 30 June 2017.

Financial summary

		Three months ended 30 June 2017 (£m)		Three months ended 30 June 2016 (£m)		Reported Change %		Six months ended 30 June 2017 (£m)		Six months ended 30 June 2016 (£m)		Reported Change %
Revenue		75.2		64.3		17		146.6		129.7		13
Net (loss)/income (as reported under IFRS)		(4.8)		(14.9)		68		(20.1)		(9.8)		(105)
Adjusted EBITDA1		30.0		23.5		28		59.2		51.5		15
Adjusted net income1		21.8		19.1		14		42.6		42.6		-
Operating cash flows		22.3		18.4		21		45.6		44.9		2

Financial highlights for the second quarter

• Strong financial performance:
  
  -- Revenue grew 17%, or 16% on a like for like constant currency basis
  
  -- 18% revenue growth in the Jackpotjoy segment (70% of Group revenue)
  
  -- Adjusted EBITDA¹ increased 28%, or 31% on a like for like constant currency basis, reflecting strong growth across all business segments
  
  -- Adjusted net income¹ increased 14% year on year
  
  
• Strong cash generation:
  
  -- Operating cash flow growth of 21% year on year
  
  -- 30p of operating cash flow per share²
  
  -- Debt pay-down continues; adjusted net leverage ratio³ including earn-out liabilities down to 3.6x
  
  -- Gross debt including earn-outs reduced from £514.8 million at 31 December 2016 to £414.5 million

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http://www.rns-pdf.londonstockexchange.com/rns/9807N_1-2017-8-15.pdf