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."