Bet-at-Home Financials on the Rise

Online gaming group Bet-at-Home announced their third quarter financial results, noting that earnings were up for the period.

Key financial indicators for the third quarter ending September 30th, 2018 were:

  • EBITDA of €13 million, which was higher than the previous two quarters combined
  • Gross betting and gaming revenues of €37.6 million, up €6.3 million from the year before
  • Marketing expenses of €13.5 million, thanks in large part to the FIFA World Cup, which ran during the period
  • Registered customers of just under 5 million, which was up nearly 200,000 from the year prior

A company statement on the results read in part: "From the current perspective, and assuming an unchanged regulatory and tax law environment, the management board expects gross betting and gaming revenue increasing to €150m in the fiscal year 2018.

"Furthermore, the management board assumes EBITDA to reach a level between €36m and €40m in 2018."

Related casinos

usCasinoJurisdictionRatingPlay
Bet-at-home Casino80Malta, U.K.80

About the author

2 replies • Last post

Comments

bgsharpe
Forum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 6410
Thanks given: 2955
Thanks received: 891
9 November 2018 - 2:34pm
#1

Obviously the brand doing reasonably good according their standards.
I think bet-at-home are one of the most recognizable brands in Europe when it comes to sportsbetting but they didn't manage to lift up their business to the level of the other leading bookies for one reason or another despite being at the market for so long.

krcoolsongss
Jackpot ChaserJackpot Chaser
coolsongss's picture
Joined: 2 Dec 2014
Posts: 2336
Thanks given: 1636
Thanks received: 1159
10 November 2018 - 7:56am
#2

World Cup, Olympics and other big sports events are the feast season for sports betting companies Smile

Quote:

EBITDA of €13 million, which was higher than the previous two quarters combined
.

Post new comment

Have something to say? Agree or disagree? Tell us what you think!

Login using your social network account
Or log in with a Casino Listings account

Login or register to post comments

Registering for an account takes less than a minute and you will be brought right back here to comment afterwards.