Bet-at-home Revenues Drop in First Quarter

This story was published more than 1 year ago.

Online betting group Bet-at-home has published its first-quarter 2021 financial results, noting that gross gaming revenues were down 5.5% from the same period last year.

The company's key financial indicators for the quarter ending March 31st, 2021 were:

  • Gross gaming revenues of €30.5 million, down 5.5% from last year
  • Gaming turnover of €515.2 million, €139 million of which is from sportsbetting, down from €677.8 million last year
  • Marketing expenses up 12.1% to €7.4 million
  • Personnel expenses up slightly to €5 million
  • Other operating expenses down to €4.7 million
  • EBITDA at €6.9 million, down from €9 million last year
  • Consolidated profit of €4.4 million, down 24.1% from last year

Bet-at-home CEO Franz Omer spoke about the performance, noting: "Although the implementation of the conditions of a transitional phase since the fourth quarter of 2020 have led to significant revenue losses in the online casino segment within the bet-at-home.com AG Group, the significantly increased legal certainty and the ability to plan the future development of bet-at-home as an established provider with a high profile in the core market of Germany outweigh this. Under the conditions of the current transitional phase, bet-at-home has also managed a successful start to the year under new circumstances in the first quarter of 2021."

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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.