The Stars Group Inc. Announces Audited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Earnings Guidance for the Year 2018
For the year, the company reported revenues of $1,312,315,000 against $1,155,247,000 for the same period a year ago. Net earnings before income taxes were $286,493,000 against $139,550,000 for the same period a year ago. Net earnings were $259,285,000 against $135,550,000 for the same period a year ago. Net earnings attributable to the shareholders of the company were $259,231,000 against $136,144,000 for the same period a year ago. Diluted earnings per common share were $1.27 against $0.70 for the same period a year ago. Net cash inflows from operating activities were $494,600,000 against $349,936,000 for the same period a year ago. Purchase of property and equipment was $10,997,000 against $6,806,000 for the same period a year ago. Acquired intangible assets were $1,893,000 against $7,669,000 for the same period a year ago. Adjusted EBITDA was $600,306,000 against $524,093,000 for the same period a year ago. Adjusted net earnings were $458,940,000 against $366,699,000 for the same period a year ago. Adjusted net earnings per diluted share were $2.25 against $1.88 for the same period a year ago. Adjusted cash flow from operations was $525,524,000 against $420,928,000 for the same period a year ago.
The company provided earnings guidance for the year 2018. For the year, the company expects revenues of between $1,390 million and $1,470 million; adjusted EBITDA of between $625 and $650 million; adjusted net earnings of between $487 and $512 million; and adjusted net earnings per diluted share of between $2.33 and $2.47.