Internet betting firm Bet-At-Home has announced the release of their latest quarterly financial results, noting a strong first quarter performance.
Key financial indicators for the quarter ending March 31st, 2015 were:
Earnings before taxes up 19.1 percent to Euro 9.8 million
An increase in gross betting and gaming revenue of 13.1 percent to Euro 28.4 million
EBITDA increased to Euro 9.6 million (Q1/2014: Euro 8.0 million).
EBIT amounted to Euro 9.3 million (Q1/2014: Euro 7.8 million).
Gross betting and gaming revenue was Euro 28.4 million, up 13.1 percent (Q1/2014: Euro 25.2 million).
Betting and gaming volume totalled Euro 587.5 million (Q1/2014: Euro 495.2 million), up 18.6 percent.
Net gaming revenue amounted to Euro 23.4 million (Q1/2014: Euro 21.9 million).
Gross Gaming revenue increased 13 percent despite a significant cut in marketing expenses.
4.1 million registered customers (Q1/2014: 3.7 million).