Interwetten Posts First Half 2016 Financials

This story was published more than 7 years ago.

Internet betting firm Interwetten has released their first half 2016 financial results, noting that the company has had a 29% increase in revenues.

Key financial indicators for the first half ending June 30th, 2016 were:

  • Gross Gaming Revenues of €32.8 million, up 29% from the first half of last year.
  • Revenues during the Euro 2016 were up 35% when compared to the last time a FIFA tournament was held in 2014.
  • Mobile brought in 63% of all sportsbetting revenues during the half, and 46% of general gaming revenues.
  • EBITDA up 13% from last year to €6.7 million.
  • Net Profits up 13% to €5.7 million.

Commenting on his company's performance Interwetten Spokesman Werner Becher said, "I'm very happy and proud that our strategy of sustainable growth works so well. Having increased our marketing spend before and during Euro2016, we managed to increase our profits at the same time. For anyone managing a company, there is no better proof of strategic success in terms of team and product performance."

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About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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bgsharpe
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19 July 2016 - 10:00pm
#1

Interwetten had been one of the leading online sportbooks since I remember my self but obviously their casino is one of the better on the market either. I'm not surprised by those figures when we all know how quality their services are.