Immotion Group, the Salford-based virtual reality entertainment specialist, says first quarter trading has been more than double that of the previous year, as it revealed expansion of its operations in the US and UK, including a Manchester site.
In a trading update, ahead of the release of its annual results on April 26, the group said first quarter revenue of around £2m is more than double the £0.8m in 2021. Its location based entertainment (LBE) revenue was approximately £1.8m, against £0.6m in the same period last year.
March revenue of around £1m was bolstered by the US spring break and increased capacity at its Mandala Bay installation.
Immotion Group plc (LON:IMMO) bring together thrilling and educational content with state-of-the-art technology to ignite visitor interest, drive ancillary revenues and fuel visitor numbers; utilizing a compact footprint with no upfront CAPEX.