Business
Trading Update and Q2 KPIs
Trading Update and Q2 KPIs.
About this update from Evoke Plc
[{"type":"text","content":"\n 888 Holdings plc\n25 July 2006\n\n\n25 July 2006\n\n 888 Holdings Public Limited Company ('888' or the 'Company')\n\n Trading Update and Q2 2006 KPIs\n\n888, one of the world's most popular online gaming companies, today provides the\nfollowing trading update for the second quarter of 2006 and cumulative results \nfor the six months ended 30 June 2006.\n\nHighlights:\n\n* Net Gaming Revenue in Q2 2006 - US$80 million, an increase of 23% above Q2 \n 2005\n\n* During H1 2006, 67% of new real money sign ups were recruited from outside the \n US\n\n* Net Gaming Revenue from casino in Q2 2006 - US$45 million, an increase of 9% \n above Q2 2005\n\n* Net Gaming Revenue from poker in Q2 2006 - US$35 million, an increase of 48%\n (1) above Q2 2005\n\n* Net Gaming Revenue during H1 2006 rose to US$164 million, an increase of 32% \n above H1 2005\n\n* In Q2 2006, quarterly Net Gaming Revenue per active casino member increased \n 13% compared to Q1 2006. In poker quarterly Net Gaming Revenue per active \n member increased 3% compared to Q1 2006.\n\nKey KPIs:\n\nAs expected given the effect of the World Cup and the historical seasonal\npattern Net Gaming Revenue and the number of active members was lower in Q2 2006\ncompared to Q1 2006. However, Net Gaming Revenue per active member increased\nhighlighting the high value and stability of our core member base and product\ninnovation strategy.\n\n* Net Gaming Revenue in Q2 2006 was 4%(1) lower than Q1 2006\n\n* Number of active(2) members in Q2 2006 was 281,402, 9% lower than Q2 2005\n\n* Casino active members in Q2 2006 was 71,242, 19% lower than Q2 2005\n\n* Poker active members in Q2 2006 was 210,160, 5% lower than Q2 2005\n\n* In Q2 2006, quarterly Net Gaming Revenue per active casino member was US$628 \n compared to US$554 in Q1 2006. In poker quarterly Net Gaming Revenue per \n active member was US$167 compared to US$162 in Q1 2006.\n\n* As at 30 June 2006, 888 had 25.4 million registered member accounts out of \n which 6.3 million were real money registered member accounts, representing an \n increase in real money member accounts of 36% since 30 June 2005.\n\nKey cumulative financials for the six months ended 30 June 2006:\n\n* Net Gaming Revenue during H1 2006 rose to US$164 million, an increase 32% \n above H1 2005\n\n* Net Gaming Revenue from casino during H1 2006 rose to US$90 mi...