STS S.A. Reports 26 Percent Y-o-Y NGR Increase in Q2 2023
STS S.A., the main operating company in the STS Group, witnessed a significant year-on-year growth in Net Gaming Revenue (NGR) during Q2 2023. Excluding the UK and Estonia operations, the value of amounts staked reached PLN1.103 billion (£210 million/US$280 million/€250 million), marking a three percent increase compared to the previous year’s PLN 1.066 billion.
During the second quarter of 2023, NGR for STS (excluding UK and Estonia) surged 26 percent, from PLN135 million to PLN170 million. Additionally, the company generated a Gross Gaming Revenue (GGR) of PLN298 million, representing a 14 percent year-on-year increase compared to PLN263 million in the same period last year.
In terms of user engagement, Q2 2023 witnessed 52,000 new registrations, while the number of players making their first deposit was 35,000 during the April to June period.
These figures experienced a slight decrease compared to the previous year, which recorded 63,000 new registrations and 44,000 first deposits. The number of active users in Q2 2023 was 301,000, a decline from the 348,000 active users in Q2 2022, excluding the UK and Estonia operations.
STS Group is focused on increasing profitability by implementing various initiatives throughout 2023.
The company has reorganised its operations, concentrating on the Polish market and discontinuing activities under licenses in the UK and Estonia.
In terms of user acquisition, H1 2023 witnessed 109,000 new registrations, slightly lower than the 119,000 registrations in H1 2022. The number of players making their first deposit in H1 2023 was 72,000, compared to 79,000 in the previous year. The number of active customers in H1 2023 amounted to 410,000, down from 447,000 in H1 2022.
The operating results for Q2 2023 confirm that STS is performing well in the Polish market.
The potential of the domestic iGaming industry is high and STS is able to effectively exploit its market position.
“We hope to record the highest player activity in the last quarter of this year,” affirmed STS Holding CEO Mateusz Juroszek.
