UPDATE: The Stars Group (TSG) Tops Q2 EPS by 3c, Revenues Beat; FY18 EPS Outlook Below Consensus, FY18 Revenues Above Consensus

The Stars Group (NASDAQ: TSG) reported Q2 EPS of $0.60, $0.03 better than the analyst estimate of $0.57. Revenue for the quarter came in at $411.51 million versus the consensus estimate of $356.66 million.

"The Stars Group's quarterly results reflect both continued organic growth within our International business and the contributions of our Australian acquisitions," stated Rafi Ashkenazi, The Stars Group's Chief Executive Officer. "We continued enhancing our products and user experience across all verticals and executing on our cross-selling strategy."

"The continued emergence of our sports betting and casino offerings and the addition of our 2018 acquisitions have transformed our business and greatly enhanced the foundation and diversity of our consolidated revenue base, which will now be nearly equally split among verticals and roughly 75% locally regulated or taxed," said Mr. Ashkenazi.

"We are now focused on the next stage of our transformation—integration," concluded Mr. Ashkenazi. "While this will be a phased and measured process, we expect that it will prepare us to not only be a leader within the world's largest regulated markets but to also leverage the strength of our combined platform to take advantage of new opportunities and markets."

GUIDANCE:

The Stars Group sees FY2018 EPS of $1.99-$2.22, versus the consensus of $2.28. The Stars Group sees FY2018 revenue of $1.995-2.145 billion, versus the consensus of $1.31 billion.

For earnings history and earnings-related data on The Stars Group (TSG) click here.

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