THE RESULTS ARE IN: BET365 FY24 - gamblinginsider.com

Operator bet365 has released its fiscal year results for 2024. Covering the 53-week period ending 21 March 2024, revenue for bet365 in FY24 totalled £3.72bn ($4.66bn), up 9% year-on-year. …

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THE RESULTS ARE IN: BET365 FY24 - Gamblinginsider.com

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Operator bet365 has released its fiscal year results for 2024. Covering the 53-week period ending 21 March 2024, revenue for bet365 in FY24 totalled £3.72bn ($4.66bn), up 9% year-on-year. …

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Operator Bet365 Reports £3.72bn In Turnover For FY2024

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Jan 6, 2025 · Looking at bet365’s profitability, gross profit experienced a jump of 4.7%, while operating profit was valued at £365.7m for 2024 compared with an operating loss of £37.3m in …

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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. ... also revealed that Coates, one of Britain’s wealthiest …

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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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Get The Latest Gambling Insider Weekly Round-Up - SCCG …

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5 days ago · bet365 makes bank. Operator bet365 has reported its FY24 financial results, covering the 53-week period ending 31 March 2024. In total, revenue came to £3.72bn …

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Bet365 Revenue Ticks Up, But Profit Plummets - IGB

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Jan 6, 2023 · Bet365 profit drops sharply. 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 – …

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BetMakers FY2024 Shows AU$20.6m EBITDA Loss Reduction

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Aug 30, 2024 · Provider BetMakers has unveiled its FY2024 results for the year ending 30 June 2024, highlighting an EBITDA loss reduction from AU$27.8m (US$18.8m) to AU$7.2m ...

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Bet365 Granted Sports Betting License In Illinois

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Dec 17, 2024 · Bet365 would not be in line to pay that much, as the 40% rate is only levied on adjusted gross revenue of over $200 million. In the vaguely comparable sports betting market …

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FAQs about THE RESULTS ARE IN: BET365 FY24 - gamblinginsider.com Coupon?

Does Bet365 generate profits?

Bet365 generated a pre-tax profit of £49.8m in the latest financial year, which is significantly less than the £469m profit reported in the previous year. Despite the decrease in profit, gambling revenues increased by 2% during the year to £2.85bn. ...

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%. ...

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. ...

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?

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 2022?

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 success of its gaming operations. Sports gaming revenue was down by 2% from 2020-21, while gaming revenue was up by 25%. ...