The analyst’s take: Bet365’s 2022-23 financial results

Jan 17, 2024 · A key theme of Bet365’s revenue report for FY2022-23 was its investment into the US market. Ed Birkin, senior analyst at H2 Gambling Capital, believes this outlay could end up …

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The Analyst’s Take: Bet365’s 2022-23 Financial Results

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While the most prominent figure in the operator’s report was its £61.2m (€71.0m/$77.6m) loss, Bet365 also recorded significant revenue growth. Birkin believes Bet365’s growing interest in …

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Bet365 Reports £61.2m Loss Despite Revenue Growth For Financial …

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The loss was attributed to increased costs across the business, including higher direct costs and administrative expenses. Despite the loss, Bet365 managed to increase its revenue during the …

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Bet365 Reports Over £61m Loss In 2022-23 Despite Revenue Rise …

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Jan 8, 2024 · Bet365 experiences a £61.2m loss in the 2022-23 financial year despite an increase in sports betting and gaming revenue, highlighting a year of growth amid rising operational costs.

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Bet365 Posts £61.2m Loss Despite Revenue Growth In 2022-23

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Jan 8, 2024 · Bet365 reported a £61.2m (€71.0m/$77.6m) loss during its 2022-23 financial year despite posting an increase in sports betting and gaming revenue. Related Posts Caesars …

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Bet365 Records Record Revenues In FY 22/23, But Reports £61.2 …

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Jan 8, 2024 · In conclusion, bet365’s record-breaking revenues in the fiscal year 2022/2023 demonstrate its ability to attract and retain customers in a highly competitive industry. …

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Bet365 Reports Over £61m Loss In 2022-23 Despite Revenue Rise …

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Bet365 experiences a £61.2m loss in the 2022-23 financial year despite an increase in sports betting and gaming revenue, highlighting a year of growth amid rising operational costs. …

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Bet365 Posts £61.2m Loss Despite Revenue Growth In 2022-23

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Jan 10, 2024 · The headline figure for bet365 will be the loss. However, this does not tell the full story of the operator’s year, with significant revenue growth against this backdrop. Sports …

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Bet365 £61.2m Loss In 22/23 – What Happened? - Gambling.expert

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During 2021/22, bet365 reported a profit of £42.8m. It also recorded solid numbers in 2020, despite an industry-wide downturn caused by the pandemic and the resulting sporting …

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Bet365 Returns Business Back To Profits On Sports Prowess

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Jan 7, 2025 · Filing its corporate accounts for 2023/2024 with Companies House, Bet365 reported operating profits of £396m, reversing the previous fiscal year’s losses of £25m. For the year …

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Bet365 Posts £61.2m Loss Despite Revenue Growth In 2022-23

2 weeks from now

The headline figure for Bet365 will be the loss. However, this does not tell the full story of the operator’s year, with significant revenue growth against this backdrop. Sports betting and …

intelligent-profiling.com

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Bet365 Owner Coates Slips To Third In Top UK Taxpayer List - IGB

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Jan 26, 2024 · Bet365 posts £61.2m loss despite revenue growth. bet365 posted a £61.2m loss in its 2022-23 financial year results. Bet365’s inclusion in the list comes after the operator …

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Bet365 Revenue Rises While Profit Falls In 2022-23

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Jan 9, 2024 · Bet365 reports a loss of £61.2 million due to an increase in administrative and direct costs. The operator is committed to expanding by acquiring licenses. ... Bet365 revenue rises …

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Bet365 Reports Over £61m Loss In 2022-23 Despite Revenue Rise …

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Bet365 experiences a £61.2m loss in the 2022-23 financial year despite an increase in sports betting and gaming revenue, highlighting a year of growth amid rising operational costs. …

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FAQs about The analyst’s take: Bet365’s 2022-23 financial results Coupon?

How much did Bet365 lose in 2022-23?

Bet365 reported a £61.2m (€71.0m/$77.6m) loss during its 2022-23 financial year despite posting an increase in sports betting and gaming revenue. The loss comes in contrast to a £42.8m profit posted in the previous year. Bet365 put the loss down to an increase in costs across the business during the 52 weeks to 26 March 2023. ...

Will Bet365's investment in the US market pay dividends?

A key theme of Bet365’s revenue report for FY2022-23 was its investment into the US market. Ed Birkin, senior analyst at H2 Gambling Capital, believes this outlay could end up paying dividends. While the most prominent figure in the operator’s report was its £61.2m (€71.0m/$77.6m) loss, Bet365 also recorded significant revenue growth. ...

Does Bet365 have a future in the US?

While the most prominent figure in the operator’s report was its £61.2m (€71.0m/$77.6m) loss, Bet365 also recorded significant revenue growth. Birkin believes Bet365’s growing interest in the US market, as well as its hugely successful Ontario launch, could lead to future growth in regions such as North America and the soon-to-be regulated Brazil. ...

How did a rise in revenue affect Bet365?

However, a rise in revenue was paired with a parallel rise in costs. Bet365 said investment in IT infrastructure, development and technology, alongside the costs of entry into new markets led to an additional £585.2m in administration expenses to £2.89b. ...

How much money did Bet365 make in FY23?

bet365 has filed its latest financial report revealing revenues of £3.39 billion ($4.3 billion/€3.9 billion) for FY23 which ended on the 26th of March 2023. ...

Why does Bet365 have a drop in market share?

Birkin believes larger operators have floated the idea of stagnation in the market as an answer to their drop in market share, which is more likely down to increased regulatory pressure. “We estimate that Bet365 have around 10% market share across the online betting and gaming market in the UK,” Birkin says. ...