Bet365 returns to profit in 2023/24 FY despite Stoke FC losses

Bet365 also donated £127 million to charity during the period, up 20.5% on the 2023 financial year. Of this, £120 million went to the Denise Coates Foundation. Gross profit for the entire …

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

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Bet365 also donated £127 million to charity during the period, up 20.5% on the 2023 financial year. Of this, £120 million went to the Denise Coates Foundation. Gross profit for the entire …

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

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Jan 7, 2025 · The group’s gross profit climbed by 4.7% to £3.03bn, while operating profit from sports and gaming rebounded to £396.6m, recovering from last year’s operating loss of …

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Operator Bet365 Reports £3.72bn In Turnover For FY2024

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Jan 6, 2025 · Both saw a rise when compared with the previous year, with the former up around 9% and the latter up 10.8%. Looking at bet365’s profitability, gross profit experienced a jump …

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Bet365 Reports 9% Turnover Increase To £3.72bn

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Jan 7, 2025 · Bet365’s latest financial report reveals a significant surge in turnover and return to profitability, marking a strong year for the operator. ... The operator’s profitability experienced a …

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Bet365 Reports Annual Loss As US Expansion Proves Costly - NEXT.io

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Jan 8, 2024 · The Stoke-based operator reported £3.39bn in revenue for the financial year ending March 2023, up 19% from 2022’s £2.85bn. This was driven by respective 15% and 31% …

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Bet365 Slips To Loss As Full Year Revenue Tops £3.4 Billion

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Jan 8, 2024 · bet365 has reported a 19 per cent increase in total revenue to £3.41 billion for the financial year ended 26 March 2023. ... bet365 has reported a 19 per cent increase in total …

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Bet365 Reports Profit In 2023/24 Financial Year

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Jan 7, 2025 · A Strong Year. Leading British bookmaker bet365 has filed its returns for the 23/24 financial year, with the company showing a 9% increase in its 2022/23 revenue. The …

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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 ... ($54.4 million/€49.7 million) profit reported in the previous year. According to the filing, the loss …

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Bet365 Returned To Profit In 2024… As Denise Coates Banks …

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Jan 7, 2025 · After a tough set of trading conditions in 2023, bet365 returned to profit last year – with Denise Coates able to bank another £150 million in salary and dividend payments. The …

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Bet365 Revenue Ticks Up, But Profit Plummets - IGB

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Jan 6, 2023 · The Bet365 Group also owns Stoke City Football Club. The club made a £26.2m loss for the year on revenue of £21.8m. As a result, the combined group made a £49.8m pre …

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FAQs about Bet365 returns to profit in 2023/24 FY despite Stoke FC losses 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 2021-22?

Bet365’s revenue ticked slightly up in 2021-22 as gaming growth offset a sports betting decline, but increased customer acquisition costs in new markets led to an almost 90% drop in profit. 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. ...

How did Bet365 perform in 2023?

bet365 has reported a 19 per cent increase in total revenue to £3.41 billion for the financial year ended 26 March 2023, as the operator benefited from the 2022 FIFA World Cup and expansion into newly regulated markets. ...

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. ...

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. ...