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Swedish gaming operator Cherry AB reported financial results for 2017, according to which revenues was $267,668 during 2017, more than doubling the $130,981 reported during the full-year 2016. Company EBITDA also registered triple digit growth, rising by 146% from a 2016 high of $20,681 to a 2017 record of $50,990.
The main reason of impressive growth was the amount of active customers and deposits, which rose to over 929,900 active customers who deposited a record $653,956 during 2017. Online gaming revenues reported a triple digit rise of 118%, rising from $99,008 in 2016 to a 2017 high of $216,678
Cherry has put this growth down to continued improvement within its online gaming business area, with several brands having experienced expansion in the first quarter. It was a busy 2017 for CherryAB, who acquired fellow gaming firm ComeOn Malta Ltd during Q2, then following this up with a 12.5% acquisition of shares in Highlight Games in Q4.
