FY2024: Analysts call bet365's 9% revenue growth "disappointing"

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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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 …

next.io

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Bet365 Returns Business Back To Profits On Sports Prowess

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Jan 7, 2025 · Filing its corporate accounts for 2023/2024 with Companies House, Bet365 reported operating profits of £396m, reversing the previous fiscal year’s losses of £25m. For the year …

sbcnews.co.uk

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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 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 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 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 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’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% …

igamingbusiness.com

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Bet365 Posts £61.2m Loss Despite Revenue Growth In 2022-23 - IGB

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Jan 8, 2024 · The headline figure for Bet365 will be the loss. However, this does not tell the full story of the operator’s year, with significant revenue growth against this backdrop. Sports …

igamingbusiness.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 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 …

sbcnews.co.uk

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Bet365 Operating Profit Drops To £15.4m But Global Outlook …

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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 profit, but a …

bettingfund.net

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Profit/loss Of Bet365 Worldwide 2023 - Statista

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Oct 22, 2024 · How much profit does bet365 make? In 2023, the gambling company recorded after-tax losses of over 69 million British pounds. ... For teams of up to 5 people. $1,299 USD …

statista.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’s Sports Betting Revenue Falls In Latest Yearly Report

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Jan 7, 2023 · Despite nearly a 3% increase in total revenue, bet365’s legal sports betting earnings dropped 2% from March 2021 to March 2022. According to an official financial review released …

covers.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 Revenue Rises 2% But Profits Tumble Amid Soaring Admin …

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Jan 6, 2023 · Bet365 said the sharp fall in both operating and pre-tax profit were as a result of the significantly increased administration costs of running the business. ... as well as raising brand …

egr.global

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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

FAQs about FY2024: Analysts call bet365's 9% revenue growth "disappointing" Coupon?

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. ...

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 did Bet365 lose in 2022-23?

Bet365 reported a £61.2m (€71.0m/$77.6m) loss during its 2022-23 financial year despite posting an increase in sports betting and gaming revenue. The loss comes in contrast to a £42.8m profit posted in the previous year. Bet365 put the loss down to an increase in costs across the business during the 52 weeks to 26 March 2023. ...

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. ...

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 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. ...