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."