Delving into the earnings, AYA reported Q1 earnings of $0.56 per share on a 10.0% increase in revenues to $317.32 million. Both metrics beat market expectations for the quarter, but investors seem to be eyeing another, more telling metric at AYA.
The company’s Quarterly Real-Money Active Uniques (QAUs) totaled a combined 2.7 million, a 5% increase year-over-year in Q1 based on customer acquisition, engagement and reactivation initiatives on customer registrations which were up 3.0 million in Q1 to about 111 million total.
About 2.5 million of such QAUs played online poker during the quarter, an increase of about 2% year-over-year, while AYA’s online casino offerings had around 664,000 QAUs, an increase of roughly 42% year-over-year, which AYA continues to estimate is one of the largest casino player bases among its competitors. AYA’s emerging online sportsbook offerings had nearly 277,000 QAUs, a 64% increase year-over-year.
In addition to the quarterly earnings, AYA reaffirmed its full year guidance to the tune of EPS of $1.94-2.13 on revenues between $1.2-1.26 billion.
On a corporate note, AYA also within the earnings release announced plans to formally change its corporate name to "The Stars Group Inc." Further, to more effectively manage its business and affairs, Amaya also intends to effect a continuance under the Business Corporations Act (Ontario) such that it will become an Ontario corporation and subject to such act. Following the continuance and appointment of its new CFO, Amaya intends to move its corporate head office to Toronto, Ontario.