Bet-at-Home Financials on the Rise

This story was published more than 1 year ago.

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."

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About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.
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bgsharpe
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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
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10 November 2018 - 7:56am
#2

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

Quote:

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