Interwetten reveals continuing financial growth in Q3

Interwetten has highlighted growth across its sports betting and casino and games businesses as revenue increased year-on-year in the three months through to September 30.

Revenue amounted to €16.9 million ($18.4 million) in the third quarter, up 23% on the corresponding period last year.

Sports betting revenue climbed 9% year-on-year, while the firm’s casino and games arm reported a revenue increase of 42% in the three months.

The third-quarter results place revenue at €49.9 million for the first nine months of the year, up 27% on the same point last year.

Net profit for the three-quarter period stands at €9.6 million, 18% more than last year, while earnings before interest, tax, depreciation and amortisation also increased 18% year-on-year to €11.1 million.

Werner Becher, spokesman for the Interwetten board of directors, said: “Based on the Q3-KPIs it is also very likely that we will meet our internal target and break through the €1 billion turnover threshold.

“For sure, like with previous years, 2016 will go down as the most successful year in the company's history.

“It is particularly satisfying to see that we managed to sustain the verve created by Euro 2016 and carry it forward into new football season.”

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