http://www.streetinsider.com/Corporate+ ... ztime+(NTN)+Sees+Better-than-Expected+Q4+Revenue%3B+adj.-EBITDA+Expected+to+be+Positive/11255335.html
NTN Buzztime, Inc. (NYSE: NTN) announced preliminary Adjusted EBITDA for the fourth quarter of 2015 and provided preliminary site count and related metrics for 2015.
"We believe our sales and operations efforts over the full year will deliver better than expected financial performance for the fourth quarter, including positive Adjusted EBITDA," said Ram Krishnan, NTN Buzztime CEO. "Additionally, site count grew for the third quarter in a row to 2,960 at December 31st, overcoming expectations of a year-end dip."
The company continues to expect quarterly financial performance and net site count to fluctuate.
During 2015, preliminary data indicates that Buzztime registered over 1 million new users and closed 2015 with over 9 million registered players. Preliminary data indicates that the company posted strong gaming metric increases between fiscal 2014 and 2015:
Metric
12/31/14
12/31/15
Increase
Tablet sessions
11.5M
20.8M
80%
Total game play
84M
115M
40%
"Entering 2016 with momentum, we are excited about our opportunities to drive revenue growth and greater financial improvements. Our next generation tablet platform with payment capabilities and secure EMV technology is being well received. We continue to invest in entertainment and dining technology that helps restaurants and bars differentiate their brands, amplify their guests' experience and improve operating efficiencies. We believe this translates into delivering long-term shareholder value," concluded Krishnan.