Strong performance of its casino and sports betting business

888 revenue up in H1 2017

2017-09-05
Reading time 47 seg
Despite recent regulatory hurdles and a record fine of GBP 7.8M from the UK Gambling Commission, 888 revenue jumped 3% to USD 270.1M during the first half of 2017 - up 9% on a constant currency basis. However, the group posted a pre-tax loss of $17.3m (H1 2016: profit $27.8) as a result of exceptional charges of USD 50.8m during the period.

B2C revenue up 6% to US$242.6 million - on a constant currency basis B2C revenue increased 11%.

Casino revenue rose 6% to US$146.0 million - up 11% at constant currencies.

Poker revenue increased 1% to US$42.5 million - on a constant currency basis poker revenue increased 1%.

Sport Revenue jumped 35% to US$33.7 million; on a constant currency basis sport revenue increased 45%.

B2B revenue decreased 15% to US$27.5 million; on a constant currency basis B2B revenue decreased 6%.

Revenue from Europe (excluding UK) markets increased 24% to US$133.6 million (H1 2016: US$107.5 million) representing 49% (H1 2016: 41%) of Group revenue.

Adjusted EBITDA climbed 8% to US$47.6 million (H1 2016: US$44.1 million); on a constant currency basis Adjusted EBITDA increased 22% to US$53.8 million.

Adjusted profit before tax increased 12% to US$37.6 million (H1 2016: $33.7 million).

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