Bet365 revenue ticks up, but profit plummets - iGB

While Regulus said the results were strong, it noted that the operator’s growth was slower than the market as a whole. “While the absolute results are solid, Bet365’s competitive landscape is changing rapidly and 2% growth in this period implies a material loss in share,” Regulus said. “Whereas a decade ago, … See more

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Bet365 Revenue Ticks Up, But Profit Plummets - IGB

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

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Jan 7, 2025 · Betting giant bet365 has reported a 9% rise in group revenue, reaching £3.72bn for the financial year ending March 2024. ... The uptick was primarily driven by an 11% surge in …

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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 Revenue Ticks Up, But Profit Plummets | GREYPAGES

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Bet365's revenue increased slightly from 2021 to 2022 as gaming growth offset a decline in sports betting, but profits fell by almost 90% due to higher customer acquisition costs in new markets. …

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Bet365 Revenue Grows To £2.85bn As Gaming Offsets Sports Decline

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Jan 9, 2023 · bet365 revenue grows to £2.85bn as gaming offsets sports decline; bet365 revenue grows to £2.85bn as gaming offsets sports decline . 9th January 2023 10:01 am. bet365 has …

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

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Jan 8, 2024 · This included a 15% rise in sports betting revenues and a 31% increase in online casino revenues. However, despite a significant increase in revenues, the company reported …

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Bet365 Posts Revenue Up 3% In Financial Year 2022, But Profit

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Jan 6, 2023 · The decline in sports gaming revenue was margin-based, as the total amount wagered increased during the period, and the number of active customers rose by 48%. As for …

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Bet365 Operating Profit Drops To £15.4m - SBC News

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Jan 6, 2023 · While retaining a dominant position in global online betting, bet365 Group has revealed a mixed performance for 2021/22 trading, citing modest gains in betting and gaming …

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Bet365 Revenue Tops £2.85 Billion But Profits For FY2022 Take Big …

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Jan 6, 2023 · Gambling operator bet365 reported revenue of £2.85 billion (€3.22 billion) for the financial year ending on March 27th, 2022 — a 3% increase on the previous reporting period. …

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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 Ticks Up, But Marketing Costs Lead To 88% Profit …

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Jan 6, 2023 · 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% …

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Bet365 Group’s Profit Sank By 95%, Revenue Marginally Up

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Jan 6, 2023 · Online sports betting and gaming group bet365 revealed its results for the financial year 2021-22 in a registry filing.

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

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Jan 6, 2025 · B2B information for the global online gambling and gaming industry. Latest accounts show 11% growth in sports betting revenue to end of March 2024, while igaming …

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Bet365’s Sports Betting Revenue Falls In Latest Yearly Report

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Jan 7, 2023 · Latest Earnings Report Shows Bet365 Suffered Decline in Sports Betting Revenue. Gaming revenue increased by 25%, but profits fell from $545 million in the previous cycle to …

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Bet365 Revenue Ticks Up, But Marketing Costs Lead To 88% Profit …

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Jan 6, 2023 · 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% …

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Bet365 Revenue Ticks Up, But Marketing Costs Lead To 88% Profit …

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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. …

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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 Casino Finance iGaming Slots Sports Betting …

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Bet365 Posts £506.6 Million Profit In FY2024 - Gaming Intelligence

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Jan 7, 2025 · bet365 Group has reported a 9 per cent increase in revenue to £3.7 billion for the 53-week period ended 31 March 2024. ... Rhode Island sports and iGaming bets hit $130 …

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FAQs about Bet365 revenue ticks up, but profit plummets - iGB Coupon?

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 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 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. ...

How much money does Bet365 make in 2021-22?

This would suggest sports betting revenue for 2021-22 of around £2.30bn, while gaming revenue would fall around £546m. Bet365 RESULTs SHOW revenue was up by 2.9% year-on-year to £2.85bn. ...

Does Bet365 have a market share in the UK?

“We estimate that Bet365 have around 10% market share across the online betting and gaming market in the UK,” Birkin says. “The UK counts for approximately 20% of Bet365’s revenues, so it is a material part of their business. “But putting that into perspective, a 5% decline in the UK would only be a 1% headwind to the group’s total revenues. ...

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. ...