Casino news | Bet365 posts loss despite 19% revenue jump

Jan 9, 2024 · Bet365 posted revenue of £3.4bn for the 2022-23 financial year, rising 19 per cent, but the group nevertheless slipped to an overall loss. The £61.2m loss comes after bet365 …

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Casino News | Bet365 Posts Loss Despite 19% Revenue Jump

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Jan 9, 2024 · Bet365 posted revenue of £3.4bn for the 2022-23 financial year, rising 19 per cent, but the group nevertheless slipped to an overall loss. The £61.2m loss comes after bet365 …

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Latest Report Shows Bet365 Suffered Rare Loss - Covers.com

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Jan 8, 2024 · It was the company’s first recorded loss since 2003. bet365’s revenues topped £3.4 billion, up 19 percent from the last reporting year. The 2022 FIFA World Cup gets some of the …

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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 …

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

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Jan 10, 2024 · 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 …

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

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Jan 7, 2025 · The uptick was primarily driven by an 11% surge in sports betting revenue, while iGaming remained stagnant. Revenue also included £23.8m from football club operations and …

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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 …

igamingbusiness.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.

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Bet365 Celebrates Successful Year, Despite Revenue Dip

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Mar 31, 2021 · Bet 365 Suffers Revenue Dip in 2019-2020 Fiscal Year. Bet365 Group has ended the 2019-2020 fiscal period with £2.81 billion in revenue, down 8.2% from the previous year. …

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Bet365 Boss Takes Big Pay Cut But Still Makes £158m - BBC

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Jan 6, 2025 · Denise Coates, chief executive of the gambling firm Bet365, took a massive pay cut last year, but still received a package worth almost £158m. Ms Coates, understood to be the …

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FAQs about Casino news | Bet365 posts loss despite 19% revenue jump Coupon?

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. ...

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. ...

How much money did Bet365 lose from re-evaluation?

However, Bet365 regained £3.2m in tax benefits and £11.4m from foreign currency translation. After accounting for other factors, including £3.2m loss from the re-evaluation of land and buildings, this resulted in the £61.2m loss. The headline figure for Bet365 will be the loss. ...

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. ...

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. ...

How much money did Bet365 make in FY23?

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. ...