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

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Jan 9, 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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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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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 Sees An Increase, However, Marketing Expenses …

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This suggests that the estimated sports betting revenue for 2021-22 is around £2.30bn, while gaming revenue is approximately £546m. Despite the decline in sports betting revenue, …

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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 …

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

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Bet365 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. ... Bet365 revenue ticks up, but marketing costs lead to 88% …

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Bet365’s Revenues Increased In FY 2022/23 But So Did Losses

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Jan 8, 2024 · The company’s total loss for the financial period, meanwhile, reached £69.41 million ($88.5 million). For reference, bet365 recorded a profit of £33 million last year. After all …

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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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IGamingBusiness On LinkedIn: Bet365 Revenue Ticks Up, But …

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bet365's revenue ticked slightly up in 2021 ... but increased customer acquisition costs in new markets led to an almost 90% drop in profit. Bet365 revenue ticks up, but marketing costs lead …

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

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Jan 8, 2024 · Direct costs were 4.1% higher at £516.6m, with administrative expenses also up by 42.2% to £2.93bn. However, Bet365 noted that higher spending allowed it to increase revenue …

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Bet365 Profits Nosedive As New Market Costs Surge

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Jan 6, 2023 · Bet365 has revealed the financial impact of its expansion into the Americas, declaring that its administrative costs increased by $380.5m year-over-year as operating …

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Bet365’s Sports Betting Revenue Falls In Latest Yearly Report

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Jan 7, 2023 · Expansion into new markets and pouring more money into product enhancement cost bet365 an almost 90% drop in year-over-year profit. ... released by bet365, revenue grew …

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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 Profit Decline By 88% Due To Increased Marketing …

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Jan 7, 2023 · Despite the increase in revenue, costs also rose significantly. Direct costs for sports and gaming grew at a slower rate of 1.4% to £496.8m, leading to a gross profit of £2.30bn for …

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Bet365 Swings To Loss — But Boss Rakes In Another £270 Million

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Jan 8, 2024 · It comes as Bet365’s revenue grew to £3.39 billion. Sports betting still made up the vast majority of that total, at £2.65 billion, but online casino games continued to be a bigger …

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

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. ...

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 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. ...

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. ...

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. ...

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. ...