Business
Q1 2006 Trading Update
Q1 2006 Trading Update.
About this update from Livermore Investments Group Limited
[{"type":"text","content":"\n Empire Online Limited\n27 April 2006\n\n\n\n Empire Online Limited\n\n Q1 2006 Trading Update\n\n\nSustained growth in core business.\n\n\n • Number of new real money player signups for Q1 increased by 44,217 (Q4\n 2005: 49,788).\n\n • Net Gaming Revenue of $21.1m in Q1 (Q4 2005: $22.5m).\n\n • Cost per acquisition of new real money players has been maintained at the\n lower end of the normal range at $222 (Q4 2005: $225).\n\n • Unaudited earnings before interest tax depreciation and amortisation\n (EBITDA) and exceptional non-recurring items for Q1 of $8.5m (Q4 2005:$8.8m)\n\n • Geographic diversification with over 50% of new real money players driven\n from outside of the USA.\n\n • Settlement of litigation provides $250m for complementary acquisitions.\n\n\n\nEmpire Online Limited (the 'Company' or 'Empire Online'), a leading online\ngaming network and provider of marketing services to the online gaming industry,\ntoday provides the following trading update for the first quarter of 2006.\n\nTrading highlights for Q1 :\n\n\n • Number of new real money players across all gaming platforms excluding\n Empire Poker has risen by 36,242 for Q1 2006, which represents an increase\n of 12% over Q4 2005. The number of new real money players across all gaming\n platforms increased by 44,217. Non-US players accounted for over 50% of all\n new real money signups in Q1 2006.\n\n • Total Company net gaming revenue for Q1 2006 was $21.1m (Q4 2005: 22.5m;\n Q1 2005: $24.4m). Net gaming revenues across all gaming platforms excluding\n Empire Poker for Q1 2006 were $17.6m, an increase of 42% on Q4 2005.\n\n • Total Company Casino revenue of $15.3m (Q4 2005: $11.2m; Q1 2005: $5.6m).\n\n • Total Company Poker revenue of $5.8m (Q4 2005: $11.3m; Q1 2005: $18.8m).\n\n • Estimated earnings before interest taxation depreciation and amortisation\n (EBITDA) and non-recurring exceptional items of approximately $8.5m (Q4\n 2005: $8.8m; Q1 2005: $12.0m)\n\n\n\n • Cost per acquisition of new real money players has been maintained at the\n lower end of the normal range at $222 (Q4 2005 : $225).\n\n\n\nKey Performance Indicators (KPI's)\n\n Q1 '06 Q4 '05 Change Q1 '05 Change\n % %\n(1) Number of New Real\n\nMoney Players acquired\nPoker 21,288 30,108 (29%) 37,094 (43%)\nCasino 22,929 19,680 17% 11,808 94%\nTotal 44,217 49,788 (11%) 4...