bet-at-home reveals revenue, earnings growth in first half
bet-at-home has followed up on an impressive financial performance during the opening three months of this year by achieving further year-on-year growth in the first half.
Gross betting and gaming revenue for the six months through to June 30 came in at €76.8m ($90.7m), which represents a rise of 17.5% on the €65.4m posted in the corresponding period last year.
Earnings before interest, tax, depreciation and amortisation (EBITDA) almost doubled from €9m in the first half of 2016 to €17.4m in the opening six months of the current year.
In addition, earnings before tax climbed by 97.2% year-on-year from €8.5m to €16.7m.
bet-at-home’s overall performance in the first half of the year was boosted by a positive set of results in the opening three months of the year, during which revenue jumped 23% year-on-year to €37.3m.
As a result of this ongoing growth, bet-at-home said it expects to achieve gross betting and gaming revenue of €144m for the 2017 fiscal year, while EBITDA is set to come in at between €34m and €38m.
In a statement, bet-at-home added: “In the first half of 2017, the listed online sports betting and gaming provider continued its successful development and could clearly outperform the dynamic growth of the previous reporting periods once again in the second quarter of 2017.”
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