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888 Continues To Grow

Internet betting giant 888 Holdings plc released its financial results for the first quarter of 2013 this week, revealing that the company brought in record revenues for the period and is continuing to grow.

Key financial indicators for the period ending March 31st, 2013 were:

  • Group revenue reached a record US$103 million (Q1,2012: US$94 million), an increase of 9% year-on-year

  • Revenue B2C of US$92 million (Q1,2012: US$83 million), an increase of 10% year-on-year

  • Revenue B2C Casino US$48 million (Q1,2013: US$42 million), an increase of 13% year-on-year boosted by the launch of slots in Italy

  • Revenue B2C Poker US$24 million (Q1,2012: US$21 million), an increase of 15% year-on-year driven by successful winter marketing campaigns

  • Revenue B2C Emerging Offering US$8 million (Q1,2012: US$6 million), an increase of 27% year-on-year driven by stronger sport betting margins

  • Number of active customers B2C Casino and Poker at 634,000 (Q1,2012: 566,000), a 12% increase year-on-year

  • As at 31 March 2013, 888 had 13.8 million Casino, Poker and Sport real money registered customer accounts, representing an increase of 23% since 31 March 2012

  • Revenue B2C at US$92 million (Q1,2012: US$83 million), an increase of 10%

  • Revenue B2C Casino at US$48 million (Q1,2012: US$42 million), an increase of 13%

  • Revenue B2C Poker at US$24 million (Q1,2012: US$21 million), an increase of 15%

  • Revenue B2C Bingo at US$12 million (Q1,2012: US$14 million), a decrease of 12%

  • Revenue B2C Emerging Offering at US$8 million (Q1,2012: US$6 million), an increase of 27%

  • Number of active customers B2C Casino and Poker at 634,000, an increase of 12% compared to Q1,2012

  • Number of active customers B2C Casino at 236,000, an increase of 3% compared to Q1,2012

  • Number of active customers B2C Poker at 474,000, an increase of 17% compared to Q1,2012

  • Quarterly revenue B2C per active Casino and Poker customer was US$113, a 1% increase compared to Q1,2012

  • Quarterly revenue B2C per active Casino customer was US$202, a 9% increase compared to Q1,2012

  • Quarterly revenue B2C per active Poker customer was US$52 a 1% decrease compared to Q1,2012

Commenting on his company's results 888 CEO Brian Mattingley said, "These are a fantastic set of results across all key metrics. Our excellent product offering, supported by our constantly innovative marketing and CRM capabilities, has helped us to deliver consistent growth and has positioned us well to take advantage of positive regulatory developments."

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