Bet-At-Home posts record third quarter
News on 5 Nov 2018
News on 5 Nov 2018
Bet-At-Home posted encouraging results in its latest third quarter and nine month 2018 statement, still riding on a successful marketing campaign initiated before and during the Football World Cup in Russia which it says significantly strengthened brand awareness and expanded its customer base.
Key performance indicators for the three month and nine month periods ending September 30, 2018, include:
Historical EBITDA peak in the third quarter of 2018 at Euro 13.0 million, Euro 23.9 million accumulated (9M/2017: Euro 25.4 million).
Gross betting and gaming revenue of Euro 37.6 million in the third quarter (Q3/2017: Euro 31.9 million), Euro 104.2 million accumulated.
EBIT was Euro 22.9 million (9M/2017: Euro 24.4 million).
Betting and gaming volume of Euro 2,305.1 million in the first three quarters of 2018, gross betting and gaming revenues in the first nine months of the financial year 2018 amounting to Euro 104.2 million (9M/2017: Euro 108.7 million).
Betting fees and gambling levies amounted to Euro 15.2 million (9M/2017: Euro 14.5 million).
VAT regulations for suppliers of electronic services within the European Union led to a negative impact on earnings in the amount of Euro 5.9 million (9M/2017: Euro 6.8 million).
Marketing expenses were Euro 29.3 million (9M/2017: Euro 32.7 million).
As at 30 September 2018, bet-at-home.com AG group had nearly 5.0 million registered customers (30/09/2017: 4.8 million).
The management board forecasts gross betting and gaming revenue of Euro 150 million in the fiscal year 2018 and EBITDA of between Euro 36 million and Euro 40 million.
