Bet365 Reports 9% Turnover Increase to £3.72bn

Jan 7, 2025 · Turnover Climbs to £3.72bn. Bet365’s turnover reached £3.72bn ($4.66bn) for the 53-week period ending March 31, 2024, a 9% increase compared to the £3.41bn recorded in …

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Bet365 Reports 9% Turnover Increase To £3.72bn

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Jan 7, 2025 · Turnover Climbs to £3.72bn. Bet365’s turnover reached £3.72bn ($4.66bn) for the 53-week period ending March 31, 2024, a 9% increase compared to the £3.41bn recorded in …

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Operator Bet365 Reports £3.72bn In Turnover For FY2024

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Jan 6, 2025 · Operator bet365 has released its annual financial report, covering the 53-week period ended 31 March 2024. In total, turnover during the period reached £3.72bn ($4.66bn), …

gamblinginsider.com

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FY2024: Analysts Call Bet365's 9% Revenue Growth "disappointing"

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Jan 7, 2025 · The firm noted a 9% drop in customer funds held by the group, calling it a clear sign of flagging momentum. “Bet365 still has enviable scale, resources, and betting brand …

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Bet365 Returns To Profit In 2023/24 FY Despite Stoke FC Losses

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Jan 6, 2025 · This marked a 9% increase on the operator’s 2022-23 revenue of £3.41 billion. The earnings report said Bet365’s betting and gaming revenue had also increased 9% year-on …

igamingbusiness.com

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Bet365 Returns Business Back To Profits On Sports Prowess

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Jan 7, 2025 · For the year ending 31 March 2024, Bet365’s corporate revenues stood at £3.72bn, reflecting a 9% increase compared to £3.42bn in 2022/2023. A management statement …

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Bet365 Revenue Up 9% As Operating Profit Soars Towards £400m

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Jan 6, 2025 · Bet365 has reported revenue of £3.7bn for the 53 weeks to 31 March 2024, a 9% year-on-year (YoY) increase on the previous reporting period, as operating profit soared to …

egr.global

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Bet365 Sees Profit Return In 2023-24 With Strong US Market Entry ...

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Jan 9, 2025 · Bet365 reports profit recovery in 2023-24, driven by 9% revenue growth, US market expansion, and investments in innovative betting products. ... For the year ending March 31, …

igaming.org

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Bet365 Reports £3.7 Billion Revenue - Ogqnews.com

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Jan 7, 2025 · The club’s turnover hit £23.8m, down slightly from £21.5m. Investments in stadium upgrades continued with £2.8m spent. The opinion of analyst Regulus Partners. Regulus …

ogqnews.com

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Turnover Up But Pre-tax Losses Reported At Bet365 Following …

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Jan 9, 2024 · Gambling firm bet365 has recorded losses of £72.6 million due to an increase in costs linked to entering new markets – but turnover hit £3.41 billion in its latest financial year.. …

daily-focus.co.uk

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Bet365 Returns To Profit With Rising 2024 Revenues - Online Casinos

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Jan 7, 2025 · After previously making a £60 million pre-tax loss, the year to the end of March 2024 saw bet365 make a £626 million pre-tax profit. Among the reasons for the change in …

online-casinos.com

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Bet365 Tops $4.65bn In Turnover For FY2024 - Betting.us

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1 day ago · Bet365 has returned to profitability in its 2023-24 financial year, driven by strong revenue growth, product enhancements, and successful US market expansion. The operator …

betting.us

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Bet365 Reports $4.6B In Revenue From Sports Betting Business

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Jan 7, 2025 · British operator bet365 is sharing its financial results for the 53-week period ended March 31, 2024, through the release of its latest strategic report.. For the 53-week period …

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Bet365 Revenue Up 9% As Operating Profit Soars Towards £400m

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Jan 7, 2025 · Bet365 revenue up 9% as operating profit soars towards £400m. Latest accounts show 11% growth in sports betting revenue to end of March 2024, while igaming remained flat …

egr.global

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Bet365 Reports £61.2 Million Loss Despite Record Revenues In FY …

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Jan 8, 2024 · 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.. According to the filing …

gamblingindustrynews.com

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Bet365 Revenue Ticks Up, But Profit Plummets - IGB

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Jan 6, 2023 · Bet365 results reported that revenue from sports and gaming for the year ended 27 March 2022 was up by 2.9% year-on-year to £2.85bn. The increase was mostly due to the …

igamingbusiness.com

FAQs about Bet365 Reports 9% Turnover Increase to £3.72bn Coupon?

What happened to Bet365 results show revenue?

Bet365 RESULTs SHOW revenue was up by 2.9% year-on-year to £2.85bn. The operator said that the decline in sports betting revenue was margin-based, as the total amount that was wagered increased and the number of active customers was up by 48%. ...

How did Bet365 perform in 2022?

Bet365 results reported that revenue from sports and gaming for the year ended 27 March 2022 was up by 2.9% year-on-year to £2.85bn. The increase was mostly due to the success of its gaming operations. Sports gaming revenue was down by 2% from 2020-21, while gaming revenue was up by 25%. ...

What happened to Bet365?

As a result of the higher costs, Bet365’s operating profit from sports and gaming declined sharply, by 87.8% to £41.7m. After non-operating income – £28.1m in gains from investments and £6.3m in interest income – the operator made a pre-tax profit of £76.1m. The Bet365 Group also owns Stoke City Football Club. ...

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 a year?

Direct costs for sports and gaming grew more slowly than revenue, by 1.4% to £496.8m, leaving a gross profit of £2.30bn for Bet365, up by 2.7% from 2020-21. However, administrative expenses grew much more rapidly, by 18.2% to £2.31bn. ...

Does Bet365 have a geographic revenue breakdown?

The operator did not provide a geographic revenue breakdown, arguing this would be “severely prejudicial to the interests of the group”. Compared to its publicly traded rivals, bet365 is often considered to have a stronger presence in global grey markets. ...