Amaya (NASDAQ: AYA) reported Q1 EPS of $0.43, versus $0.34 reported last year. Revenue for the quarter came in at $288.67 million, versus $272.29 million reported last year.

Second Quarter 2016 Update

• Revenues – For the month of April 2016, Amaya estimates that unaudited consolidated revenues were approximately $96 million, representing an increase of approximately 11% over April 2015. Of such revenues, 77% was attributable to real-money online poker estimated revenues and 21% was attributable to real-money online casino and sportsbook combined estimated revenues. Amaya estimates that such online poker revenues remained relatively flat over April 2015 while PokerStars-only real-money online poker estimated revenues increased 3%. Excluding the impact of year-over-year changes in foreign exchange rates, Amaya estimates that revenues were approximately $99 million, representing an increase of approximately 14% over April 2015. On the same basis, real-money online poker estimated revenues increased approximately 4% while PokerStars-only real-money online poker estimated revenues increased 7%.
• Special Committee Update - The Special Committee's review of strategic alternatives is active and ongoing, with the goal of determining the best outcome for Amaya and its shareholders. Specifically, the Special Committee's financial advisor, Barclays Capital Canada Inc., has contacted a range of strategic and financial parties who might be interested in a transaction involving Amaya. To date, several parties, including David Baazov, who is on a leave of absence as Chairman and Chief Executive Officer of Amaya, have entered into confidentiality agreements with Amaya. A number of these parties have received management presentations and are conducting due diligence. While there can be no assurance that this process will result in a transaction of any kind, the Special Committee is focused on completing its review of strategic alternatives in a timely manner. The Special Committee believes the interests of Amaya and its shareholders are best served by maintaining confidentiality around the details of this process, but it will provide further updates to shareholders as circumstances warrant.While the Special Committee's review of strategic alternatives is proceeding, the Board is also focused on ensuring that it is comprised of directors with an optimal range of expertise and experience. Mr. Baazov and Daniel Sebag, Amaya's Chief Financial Officer, have advised the Board that they will not be standing for re-election as directors at Amaya's upcoming annual shareholders meeting. The Board is actively engaged in identifying suitable director candidates with competencies that complement those of Amaya's existing directors.As previously announced, the Special Committee's mandate also includes responsibility for investigating allegations that have been made by the Autorité des marchés financiers (AMF) with respect to Mr. Baazov. That investigation by the Special Committee and its counsel is ongoing.
• 2016 Guidance – The Special Committee of the Board of Directors has determined, in consultation with the Audit Committee of the Board, that while the Special Committee's review of strategic alternatives is ongoing it remains inappropriate for Amaya to provide guidance with respect to its 2016 financial performance at this time.

For earnings history and earnings-related data on Amaya (AYA) click here.