Party Poker: Results announced today

[TightEnd]

Here are the 4 key points, more details below:

1) Q3 growth was weak as previously announced

2) Q4 pick-up stronger than expected

3) cost of customer acquisitions in Q3 is less than in H1

4) growth outside the US continued apace

Detail:

1) Q3  Poker rev $209m . Active player days 12m in line. Q2 was 11.4m. Yield per active player $16.6, Q2 was $17.

2) pick-up "material" since platform change due to some players moving back to party due to lack of liquidity esewhere and also due to fact that those on party cannot now receive rake-back via entering thru affiliate sites (good for margins). Company talking about a 10% increase in growth in poker revs (excl bonuses) since 8th Oct over Q2 despite cannibalisation of some poker revs due to new gaming offers on site.  Note this has boosted these numbers, and the "Empire" move has been of help in the short term, but it is a one off effect.


The shares are bouncing today, up 10% to 90p.


 

[Pokerron]

Oops, missed this.   Do you think Sportingbets price was a reaction to this, or have they released some decent news of their own?

[tikay]

One set of good or bad results in any sector tends to move the rest of the sector with it.

I am aware, however, that trading at SportingBet's subsidiary, Sporting Odds.com, is running ahead of expectations.

[TightEnd]

I met SportingBet on Wednesday. Everything is looking good. At the moment

[Ironside]

hum and there was markS selling a couple of weeks ago

hope he is better at poker that the market