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Bet-At-Home Posts Impressive Quarterly Fiscal Results

European betting firm Bet-At-Home has released its first quarter 2013 financial results, noting that the BetClic Everest Group subsidiary firm saw increases in Gross Gaming Revenue and Profits for the period.

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

  • Gross gaming revenue (Hold) increased by 7.5% to €22.69 million (Q1/2012: €21.11 million).

  • Net gaming revenue (Hold minus betting and gaming tax) improved by 3.3% to €19.47 million (Q1/2012: €18.85 million).

  • Group result before taxes is €3.55 million (Q1/2012: €2.10 million).

  • Betting fees and gambling levies amounted to a cumulative €3.22 million in the first quarter of 2013 (Q1/2012: €2.27 million).

  • Advertising expenses amounted to €9.99 million (1st quarter 2012: €11.09 million).

  • Group EBITDA increased significantly to €3.45 million (Q1/2012: €1.94 million), up 77.8%.

  • Group annual net profit increased by 62.9% and amounts to €2.33 million (Q1/2012: €1.43 million).

Bet-At-Home also reported that the number of registered users of its service has grown substantially, with clients now totaling 3.3 million.

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