Bet-at-home Revenues Drop in First Quarter

This story was published more than 2 years 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 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.