Amaya FY15 revenues up 8% to $1.4bn
But net income tumbles 121% to a loss of CAD$25m due to FX headwinds and product rollout challengesÂ
Amaya reported revenues of CAD$1.4bn for FY15 with growing contributions from online casino and sportsbook helping to offset a decline in poker. [private]
Despite revenues increasing 8% year on year, EBITDA fell from $463m to $427m  leading to a net loss of $26m for the 12 month period ended 31 December 2015.
Poker accounted for 83% or $1.2bn of total FY15 revenues, while sportsbook and casino generated 13% or $182m.
The Montreal-based firm, which operates the PokerStars, BetStars, StarsDraft and Full Tilt brands, attributed the decline to FX headwinds and product rollout challenges.
On an adjusted basis, however, EBITDA increased 11% YoY to $587m while net earnings grew 18% to $372m for the year.
Amaya said that excluding the impact of year on year changes in foreign exchange rates, total revenues for the full year would have increased 15%.
On the same constant currency basis, and excluding European VAT plus lost contributions from pulling out of Portugal, Greece and other markets, total FY15 revenues would have grown 19%.
The latest numbers revealed a growing contribution from casino and sportsbook verticals, which accounted for 17%, or $66.3m of total revenues during Q4 compared with just 3% last year.
And while poker still remains its core offering, contributions fell from 93% of the total in Q4 2014 to 78%, or $304m during the same period last year.
Amaya CEO David Baazov said throughout the year his firm had executed on its strategy to expand into other verticals, while âmaintaining market dominance in poker.â
âDespite significant foreign exchange and product rollout challenges, we achieved positive growth on a constant currency basis and, through investments and initiatives that will continue through 2016, have laid the foundation for becoming a leader across multiple gaming verticals,â he added.
The firm revealed that customer registrations increased by 1.9 million during the quarter, taking total registered players to 99 million at the end of the year.
Total quarterly real-money active unique players (QAUs) were down 2.3% YoY to 2.4 million, while PokerStars-only QAUs were up 0.6% to 2.3 million.
Amaya also provide an update on its performance in the first two months of the year, and estimates unaudited revenues of US$189m, up 4% on the previous year.
Poker contributed 75% of the total, while online casino and sportsbook made up 21% or $40m.
As previously announced, Amaya did not provide FY16 guidance due to the ongoing takeover talks with CEO David Baazov.