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Tabcorp Third Quarter Results Impress

Australian betting firm Tabcorp has published its third quarter 2014 financial results, noting strong growth for the period.

Financial highlights for the period ending March 31st were:

  • Revenues for the group were A$492.3 million during the quarter

  • Year to date revenues now total A$1.54 billion.

  • Betting revenue was up 2.7% for the period to A$377.2 million.

  • Digital Turnover was up 20% when compared to the first half.

  • Fixed odds revenue was up 21.4%

A company statement on the results read: "Tabcorp's third quarter wagering revenue growth, despite heightened competition, was driven by the fundamental strength of Tabcorp's multi-channel, multi-product strategy."

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