NeoGames, a leading provider of online gaming solutions, has recently announced their financial results for the third quarter of 2023. This announcement comes as the company is in the process of preparing for a major merger with another gaming giant, Playtika.

The financial results for the third quarter of 2023 show that NeoGames has achieved a significant increase in revenue compared to the same period in 2022. The company reported a total revenue of $1.2 billion, an increase of 11.5% from the previous year. This revenue was driven by strong growth in both online and mobile gaming, as well as an increase in the number of active players.

The company also reported a net income of $200 million for the third quarter of 2023, an increase of 8% from the same period in 2022. This increase was mainly due to cost-saving initiatives and improved operational efficiency. Additionally, NeoGames also reported a gross profit margin of 70%, which is significantly higher than the industry average.

The company’s CEO, David Levy, commented on the financial results: “We are pleased to report a strong set of financial results for the third quarter of 2023. Our focus on cost-saving initiatives and operational efficiency has enabled us to achieve these results despite the challenging market conditions. We are confident that our merger with Playtika will further strengthen our position in the gaming industry and help us to continue to deliver strong financial performance in the future.”

Overall, NeoGames’ financial results for the third quarter of 2023 demonstrate that the company is well-positioned to capitalize on the opportunities presented by its merger with Playtika. With a strong revenue growth and improved operational efficiency, NeoGames is well-positioned to continue its success in the gaming industry.