Amaya Inc. (“Amaya” or the “Corporation”) (TSX: AYA) today reported record financial results for the three and nine month periods ended September 30, 2014 demonstrating strong performance in the key areas of Amaya’s operations, including the newly acquired PokerStars brand. The results reflect the benefit to shareholders of the recent acquisition including the strong cash flow generation and platform for growth provided by the B2C Business.
Key performance highlights for Q3 2014 include record:
- Revenues of $239 million compared to $39 million in Q3 2013;
- Fully diluted adjusted net income of $70 million versus $7 million in Q3 2013;
- Diluted adjusted earnings per share of 43 cents compared to 7 cents in Q3 2013;
- Adjusted EBITDA¹ of $108 million versus $18 million in 2013; and,
- Cash flow from operating activities of $139 million versus $3 million in Q3 2013.
(All amounts are stated in Canadian dollars unless otherwise noted.)
“The acquisition of PokerStars has transformed Amaya and delivered immediate value to our shareholders while setting the stage for additional future growth,” said Chairman and CEO David Baazov. “In these early days I could not be happier with the initial performance of the business and the professionalism and expertise of the PokerStars management team. They are implementing strategic plans that leverage exciting, innovative poker variants, new gaming verticals and the mobile platform to increase engagement and new consumer acquisition.”
PokerStars is the world’s largest online poker site and holds a commanding share of the global online poker market by offering the greatest variety of games, stakes and tournaments for players of all abilities. Full Tilt is also one of the largest online poker sites and in the past year has added games of chance and slots to its online offerings. The combined sites represent over 89 million registered players.