The analyst’s take: Bet365’s 2022-23 financial results

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 …

$77
OFF

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

2 weeks from now

The analyst’s take: Bet365’s 2022-23 financial results While the most prominent figure in the operator’s report was its £61.2m (€71.0m/$77.6m) loss , Bet365 also recorded significant …

intelligent-profiling.com

9%
OFF

Bet365 Returns To Profit In 2023/24 FY Despite Stoke FC Losses

2 weeks from now

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 …

igamingbusiness.com

£3.39
OFF

Bet365's Revenues Rise Despite Losing Year In 2022 - SBC Americas

2 weeks from now

Jan 8, 2024 · Bet365 has released its annual filing to the British government.The report covers the year ending on March 26, 2023. Over that time, the privately owned company generated £3.39 …

sbcamericas.com

£61
OFF

Bet365's Report Losses Of £61.2m In 2022/23 Despite Growth

2 weeks from now

Jan 8, 2024 · In conclusion, Bet365’s financial year 2022-23 is a tale of resilience, strategic investment, and sustained growth against the backdrop of headline losses. The numbers may …

whichbookie.com

19%
OFF

Gaming Giant Bet365 Announces $4.3 Billion In Revenues In

2 weeks from now

Jan 23, 2024 · Reports from last fiscal year show that Bet365 generated revenues of over $4.31 billion which is up 19% over the previous year. The metrics revealed a 15% increase in sports …

oddstrader.com

$77
OFF

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

2 weeks from now

Jan 8, 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. Related Posts Caesars …

gamingcompliancenews.net

£2.85
OFF

Operator Bet365 Posts £2.85bn In 2022 Revenue, Profit Down …

2 weeks from now

Jan 6, 2023 · Given the sheer size and prowess of the gambling giant, bet365 will perhaps be disappointed with its latest financial results. That said, such results should be much, much …

gamblinginsider.com

£3
OFF

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

2 weeks from now

Jan 8, 2024 · bet365 has reported a 19 per cent increase in total revenue to £3.41 billion for the financial year ended 26 March 2023 Continue reading Subscribe for full access to Gaming …

gamingintelligence.com

3%
OFF

Bet365 Revenue Tops £2.85 Billion But Profits For FY2022 Take Big …

2 weeks from now

Jan 6, 2023 · Gambling operator bet365 reported revenue of £2.85 billion (€3.22 billion) for the financial year ending on March 27th, 2022 — a 3% increase on the previous reporting period. …

gamblingindustrynews.com

9%
OFF

Bet365 Revenue Ticks Up, But Profit Plummets - IGB

2 weeks from now

Jan 6, 2023 · 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. The increase was mostly due to the …

igamingbusiness.com

£2.85
OFF

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

2 weeks from now

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 2022 Continue reading Subscribe for full access …

gamingintelligence.com

FAQs about The analyst’s take: Bet365’s 2022-23 financial results Coupon?

How did Bet365 perform in 2022-23?

Reports from last fiscal year show that Bet365 generated revenues of over $4.31 billion which is up 19% over the previous year. The metrics revealed a 15% increase in sports betting revenue while gaming revenue spiked 31% during 2022-23. There was also a 29% increase in new customers, which fell short of the 48% of new signups the previous year. ...

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 did Bet365 make in FY 2023?

Paul Ellis / AFP UK-based bookmaker, Bet365 revealed its revenues for FY 2023 that ended in March of last year were $4.3 billion but sustained losses of $77.6 million. Reports from last fiscal year show that Bet365 generated revenues of over $4.31 billion which is up 19% over the previous year. ...

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%. ...

Does Bet365 have a future in the US?

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 Bet365’s growing interest in the US market, as well as its hugely successful Ontario launch, could lead to future growth in regions such as North America and the soon-to-be regulated Brazil. ...

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. ...