Internet betting giant 888 Holdings have released their first half financial results for 2014, noting strong growth in revenues and player accounts.
Key financial indicators for the half ending June 30th, 2014 were:
Q2-2014 Group revenue up 15 percent to US$111 million (Q2 2013: US$97 million);
Q2-2014 revenue B2C up 11 percent to US$95 million (Q2 2013: US$85 million);
Q2-2014 revenue B2C Casino up 15 percent to US$53 million (Q2 2013: US$47 million);
Q2-2014 revenue B2C Poker modestly up 2 percent at US$23 million (Q2 2013: US$22 million);
Q2-2014 revenue B2C Bingo up 17 percent at US$12 million (Q2 2013: US$10 million), a marked recovery;
Q2-2014 revenue B2C Emerging Offering rose 15 percent to US$7 million (Q2 2013: US$6 million);
Q2-2014 revenue B2B up 37 percent to US$16 million (Q2 2013: US$12 million), driven by US operations and Bingo;
Another record Group performance in H1-2014, where revenue increased 13 percent to US$225 million (H1 2013: US$200 million);
As at 30 June 2014, 888 Group had 16.8 million Casino, Poker and Sport real money registered customer accounts, representing an increase of 17 percent from 30 June 2013;
Commenting on his company's performance 888 CEO Brian Mattingley said, "I am pleased to report that 888 has delivered another strong performance in the second quarter which, in combination with our very good start to the year, has once again resulted in record-breaking revenue for H1."
"This outcome has been driven by strong performances across both our B2C and B2B lines of business and is testament to our exceptional brands, technology, marketing and CRM systems. Whilst the outcome for the full year will be dependent on trading in the second half, we continue to look forward with confidence as we further develop the business."