Paddy Releases Positive Interim Report

This story was published more than 11 years ago.

Irish betting giant has released its interim management statement for the period July 1st to November 14th, 2012, highlighting a 23% rise in net revenue for the period.

Key financial indicators for the period ending November 14th were:

Group:

  • Group sportbook amounts staked up 20%

  • Group total net revenue, up 23%

  • Net cash availability of around €169 million at 14 November, excluding customer balances.

Online (ex Australia ) :

  • Paddy Power.com (ex Australia ) sportsbook amounts staked increased by 28%.

  • Paddy Power.com (ex Australia ) sportsbook net revenue increased by 26%.

  • Gaming/B2B net revenue growth grew 14%

  • Total net revenue increased by 21%

Mobile betting is positively impacting online turnover growth and sportsbook gross win percentages for the Group. In October, mobile turnover as a percentage of total online sportsbook stakes was 27% in Australia (June 2012: 25%) and 45% in paddypower.com (June 2012: 41%).

The most rapid mobile penetration continues to occur in gaming with mobile gross win in October accounting for 28% of Paddy Power Casino (June 2012: 19%) and 25% of Paddy Power Games (June 2012: 20%).

Australian Operations:

  • Online turnover derived from Australian operations continued its strong upward growth trend increasing by 24%.

  • Online net revenue increased by 39%

  • Total net revenue increased by 34%

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