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Bet365 Releases Full Year Financial Results

Internet betting firm bet365 has released its full year financial results, noting a £50 million growth in operating profit.

Key financial indicators for the full year ending March 27th, 2016 were:

  • Operating profit up at £456 million compared to the £406 achieved in the preceding year;
  • Pre-tax profit up £459 million (£409 million previously);
  • Revenue of £1.55 billion - up 5 percent;
  • Sportsbetting turnover up 6% at £ 36.9 billion - up £2.3 million;
  • Employee headcount now at 3,404 - up from 3,179 in the preceding year. This is in addition to 297 casual match-day staff employed during the period;
  • The firm opening of the first Bet365 satellite office in Manchester, which will lead to the creation of 70 jobs;
  • In-play betting channel delivered 72% of sports wagering, down 3% from the previous year, but mobile revenues were nevertheless up 36% y-o-y;
  • Active customer numbers up 11% y-o-y, with lifetime signups over 23 million;
  • Stoke City, a football club owned by Bet365, reported a £8.5 million profit - a significant improvement on the previous year's £232 million loss, made more impressive by the annual employee expenses rising £14.3 million to £77.2 million; -Investments in other industries during the year totalled £125 million;
  • Cash reserves of £1.1 billion.

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bgsharpe
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23 September 2016 - 11:03pm
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Stoke City, a football club owned by Bet365, reported a £8.5 million profit - a significant improvement on the previous year's £232 million loss

Yes it's quite strange football club to be on the winning side of the financials Joking
No doubtfully Bet365 is the most powerful sportsbook in the world and these number just proving that!
Their growth is enormous in the last years and maybe that will continue but I just hope it wont be at my expense Smile because I'm one of the bet365 main sponsors!

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