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 rapi… See more

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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. ... Analysts call bet365’s 9% revenue growth …

next.io

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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 | 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. …

thegreypages.com

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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% …

next.io

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

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Jan 8, 2024 · Overall, bet365 reported an operating loss of £24 million ($30 million) for the period, down from a profit of £15 million in FY 21/22. Fair value losses on investments stood at a …

gamblingnews.com

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

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Jan 6, 2023 · Online betting giant bet365 has announced £2.8 billion ($3.4 billion) in 2022 revenue, corresponding to the financial year ended March 27, a figure that implies a 2.9% …

yogonet.com

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

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Jan 8, 2024 · bet365 slips to loss as full year revenue tops £3.4 billion . 8th January 2024 10:09 am. bet365 has reported a 19 per cent increase in total revenue to £3.41 billion for the …

gamingintelligence.com

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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 …

standard.co.uk

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Bet365’s Sports Betting Revenue Falls In Latest Yearly Report

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Jan 7, 2023 · According to an official financial review released by bet365, revenue grew from $3.35 billion in 2021 to $3.41 billion in 2022 — but while gaming revenue increased by 25%, …

covers.com

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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.

gamblingnews.com

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Bet365 Explains 95% Drop In Profits Over Last Year

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Jan 6, 2023 · Gambling giant bet365 took on hundreds of extra workers in 2021/22 but profits fell to £15.4million. Accounts published this week on Companies House show the Etruria …

stokesentinel.co.uk

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

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Jan 6, 2023 · Stoke-on-Trent-based online gambling operator bet365 Group filed its annual report for the financial year 2021-22, posting a marginal increase in revenue but a nearly 95% slump …

gamingcompliancenews.net

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Bet365 Revenue Rises 2% But Profits Tumble Amid Soaring Admin …

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Jan 6, 2023 · Bet365 has recorded a 2% increase in annual revenue, according to the latest set of accounts filed with Companies House as the operator’s gaming vertical came to the rescue. …

egr.global

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Bet365 Revenue Steady In 2020-21 Despite In-play Decline - IGB

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Mar 3, 2022 · In-play share made up 68% of the sports revenue, falling from 75% in 2020. Total wagers on sports were down by 13%, the second consecutive year of declining stakes. …

igamingbusiness.com

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Revenue And Profits Down At Gambling Giant Bet365 But Job …

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Apr 1, 2021 · Gambling giant bet365 saw revenue fall by eight per cent to £2.8 billion in 2019/20. The latest financial accounts from the Stoke-on-Trent company - which owns a majority stake …

business-live.co.uk

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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. …

versatilestaffing.co.uk

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Bet365 Revenue Declines 8% To £2.81bn In 2019-20 - IGB

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Mar 31, 2021 · For the 52 weeks to 29 March 2020 revenue from the core Bet365 sports and gaming business fell 7.5% to £2.76bn. The operator noted that excluding the impact of Covid …

igamingbusiness.com

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

What caused Bet365's profit to plummet in 2021-22?

Despite a slight increase in revenue, increased customer acquisition costs in new markets led to an almost 90% drop in profit for Bet365 in 2021-22. This was offset by gaming growth, but sports betting revenue declined. ...

What happened to Bet365's revenue?

Bet365's revenue was up by 2.9% year-on-year to £2.85bn. The operator attributed this to an increase in the total amount wagered and a 48% increase in active customers, despite a decline in sports betting revenue due to margin-based reasons. ...

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 much money does Bet365 make a year?

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 part of revenue, growing to around £715 million. ...

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. ...

Is Bet365 a 'normal' gambling company?

Positivity over revenue growth, as opposed to the loss, has been repeated by some analysts. In its review of the year, Regulus Partners said Bet365 is becoming a slightly more “normal” gambling company, with a growing gaming mix and more mass-market customer base. ...