Enlabs: First comment Q3, ATH and a strong outlook

Research Note

2019-11-05

16:06

Enlabs top-line for the third quarter was slightly below our expectations due to low sports betting activity. The growth was, however, strong with a Y/Y growth of 32% and a Q/Q growth of 7%. The main growth driver was the casino vertical with a Y/Y growth of 59% and a Q/Q growth of 8%. The company continues to improve its product, and we expect that this will have a positive effect on the coming quarters. Enlabs also communicated that the start of the fourth quarter was strong.

JA

KL

Jonas Amnesten

Kristoffer Lindström

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