The Stars Group Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017; Reconfirms Earnings Guidance for the Full Year of 2017
For the nine months, the company reported revenues of $125,458,000 compared to $117,280,000 a year ago. Net earnings before income tax was $212,966,000 compared to $94,589,000 a year ago. Net earnings attributable to Shareholders of the Stars Group Inc. were $211,987,000 compared to $90,953,000 a year ago. Diluted earnings per common share were $1.05 compared to $0.47 a year ago. Net cash inflows from operating activities were $370,843,000 compared to $201,641,000 a year ago. Adjusted EBITDA was $453,305,000 compared to $376,489,000 a year ago. Adjusted cash flow from operations was $393,241,000 compared to $278,122,000 a year ago. Adjusted net earnings were $346,990,000 compared to $259,686,000 a year ago. Adjusted net earnings per diluted share were $1.71 compared to $1.34 a year ago. EBITDA was $445,258,000 compared to $299,351,000 a year ago. Purchase of property and equipment was $5,507,000 against $5,265,000 a year ago. Acquired intangible assets were $1,484,000 against $6,623,000 a year ago.
For the full year the company reconfirmed its 2017 full year financial guidance ranges as previously announced on September 15 and continues to expect the following: revenues of between $1,285 million and $1,315 million; adjusted EBITDA of between $590 million and $610 million; adjusted net earnings of between $445 million and $469 million; and adjusted net earnings per diluted share of between $2.17 and $2.31.