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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IGamingBusiness On LinkedIn: Bet365 Revenue Ticks Up, But …

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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 Returns To Profit In 2023/24 FY Despite Stoke FC Losses

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Jan 6, 2025 · This marked a 9% increase on the operator’s 2022-23 revenue of £3.41 billion. The earnings report said Bet365’s betting and gaming revenue had also increased 9% year-on …

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Tiago Pereira On LinkedIn: Bet365 Revenue Ticks Up, But Marketing …

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Bet365 revenue ticks up, but marketing costs lead to 88% profit decline igamingbusiness.com

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IGamingBusiness On LinkedIn: Bet365 Posts £61.2m Loss Despite …

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⬇ bet365 posts £61.2m loss despite revenue growth in FY 2022-23 📉 Comes despite an increase in sports betting and gaming revenue 📉 In contrast to £42.8m…

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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 betting and gaming revenue for the year climbed 18.9% to £3.39bn. This included a 15.0% rise in sports betting revenue and 31% hike in gaming revenue in 2022-23.

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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% drop in profit. 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. The increase was mostly due to the success 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% drop in profit. Related Posts Atlantic City brick-and-mortar casino revenue slides again… Nov 26, 2024 Strong igaming lifts Pennsylvania gambling revenue in… Nov 22, 2024 In final […]

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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 published on the UK Gambling Commission website, the latest figures represent a 19.1% increase on the previous year’s revenue total of £2.85 billion ($3.6 billion/€3.3 billion).

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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 …

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Bet365 Sees Post-pandemic Revenue Bump - LinkedIn

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Jan 9, 2024 · The costs incurred from setting up shop in new markets, additional investment in technology and an 11-per-cent lift in staffing costs added up to an operating loss of $41.7 million for the sports ...

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The Analyst’s Take: Bet365’s 2022-23 Financial Results

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Jan 17, 2024 · 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. Birkin believes …

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

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Jan 9, 2023 · bet365 has reported a 2 per cent increase in sports betting and gaming revenue to £2.85bn for its financial year ended 27 March. ... New York commercial gaming revenue up 5% in November . Category: Finance & M&A; ... X LinkedIn YouTube. Built by Juicy Media Ltd

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IGamingBusiness On LinkedIn: Bet365 Gaining NJ Market Share As …

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bet365 reported year-to-date betting revenues of $16.6m for the month, coming in at fifth place behind BetMGM with $26.7m, PointsBet’s $88.3m, DraftKings’…

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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 …

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

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 a year?

Bet365 has reported revenue of £2.81bn (€3.39bn/$3.76bn) in the full year ended March 2021, largely even with its 2020 revenue, as growth in gaming helped offset a pandemic-related drop in in-play betting volume. ...

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 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. ...

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iGaming Business is the most respected and established source of information for the regulated gaming global gaming industry. With more than two decades’ experience we provide the latest news, analysis, research, data and insight to senior executives in the gambling sector. ...

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. ...