Webis returns to profit in FY2021 as revenue climbs 28.3%

| By Robert Fletcher
Webis Holdings, the owner of the advance-deposit wagering operator Watchandwager.com, was able to report a net profit of $824,000 (£620,584/€729,725) in its 2021 financial year, ended 31 March, following a 28.3% rise in revenue.

Overall revenue for the 12 months through to May 31, 2021, amounted to $55.7m, up from $43.4m in the previous financial year and in line with forecasts published last month.

Webis did not publish a full breakdown of business segment performance, but it did note its Watchandwager.com B2C division performed well, with handle rising 53% year-on-year and active player wagering from our non-rebate players also up 67%.

The operator put B2C growth down to improvements in its website application, including content, player verification, payments, retention and re-activation marketing.

Read the full story on iGB North America.

  • Regions:
  • US

Subscribe to the iGaming newsletter