The Stars Group (TSG) Misses Q3 EPS by 12c, Revenues Beat

The Stars Group (NASDAQ: TSG) reported Q3 EPS of $0.45, $0.12 worse than the analyst estimate of $0.57. Revenue for the quarter came in at $571.98 million versus the consensus estimate of $356.66 million.

"This was a landmark quarter during a transformative year for the company as we begin to deliver on our vision to become the world's favorite iGaming destination," stated Rafi Ashkenazi, The Stars Group's Chief Executive Officer. "We completed our acquisition of Sky Betting & Gaming, which was cleared by the CMA in October, making us the leader in the UK online betting and gaming market. We also launched BetEasy in Australia and sports betting in New Jersey."

"We are pleased with our quarterly results, which reflect both continued organic growth from our International business and contributions from both BetEasy and Sky Betting & Gaming, despite unfavorable sporting results during the period," said Mr. Ashkenazi.

"As we continue our transformation and look towards 2019, we are excited to take advantage of the opportunities ahead of us by leveraging our leading positions in attractive markets, strong brands, technology and operating expertise," concluded Mr. Ashkenazi.

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

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