Amaya shares soar on earnings update

Shares of Amaya rose sharply today on an earnings update. The data released today gives investors a clearer picture of Amaya in the Pokerstars era, now that Amaya has mostly divested itself of non-Pokerstars/Full Tilt assets. Going forward, investors will be better able to make a fair comparative analysis of q/q results with less one time adjustments.

Amaya reported profits of $82 million on revenue of $340 million. This represents a 25% margin for a growing global business with the largest market share. Investors should be bullish on shares of Amaya following these results.

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