Enlabs: First comment Q2, gaining momentum with top-line above expectations
Enlabs' top-line for the second quarter was better than expected. The growth in sales was driven by the casino vertical. The casino vertical also overperformed our estimates with 5% and a Y/Y growth of an impressive 57%. There are also clear signs of a turnaround for the Media segment with increasing sales, Q/Q, and impressive NDC growth.
On the negative side, the betting vertical came in below expectations. However, online betting grew 38% Y/Y, and we believe the new betting solution could fuel further growth.