International edition
September 30, 2020

Showing a rise of 7% y-o-y in total revenues

Quarterly revenues improve for 888 Holdings

(UK).- Online gambling operator 888 Holdings has published its interim financial results for the three months to the end of December showing a rise of 7% year-on-year in total revenues to us$ 97 million.

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ibraltar-based 888 announced that it had 13.1 million registered real-money casino, poker and sport customer accounts as of December 31, which represents an increase of 23 percent year-on-year, while overall fourth-quarter business-to-consumer revenues improved nine percent when compared with the same period in 2011 to us$ 86 million.

Similarly, business-to-consumer casino revenues for the final three months of 2012 swelled by six percent year-on-year to us$ 44 million while poker experienced a 31 percent expansion when compared with the fourth quarter of 2011 to us$ 24 million.

However, fourth-quarter business-to-consumer bingo revenues decreased by eleven percent year-on-year to us$ 12 million alongside a three percent drop in earnings from 888’s ‘emerging offering’ section to us$ 6 million mainly due to weak sport margins in December.

For the year as a whole, 888 stated that overall revenues rose by 13 percent year-on-year to us$ 376 million helped by a 16 percent improvement in total business-to-consumer earnings when compared with 2011 to us$ 330 million.

888 experienced a twelve percent year-on-year boost in business-to-consumer casino revenues for 2012 to us$ 165 million while earning from its poker operations swelled by 44 percent when matched up against 2011 to us$ 88 million.

Business-to-consumer bingo revenues fell four percent year-on-year for 2012 to us$ 52 million, although its ‘emerging offering’ business posted annual earnings of us$ 25 million, which represented an increase of some 16 percent.

888 revealed that its Dragonfish business-to-business enterprise saw revenues fall by two percent year-on-year to us$ 46 million although it said that overall the first quarter of 2013 had started ‘well’ for its business as a whole with daily average earnings ‘more than seven percent above January of 2012’.

“The quarter ended an excellent year of performance for 888 as we achieved record revenues in both the quarter and the year as a whole,” said Brian Mattingley, CEO for 888.
“This success was driven by our core casino and poker offerings as well as our activities in newly regulated markets.

“Our success in Spain and Italy shows that we have the right product and technology-led marketing to make significant inroads into new markets and we will look to repeat that success in other regulating territories.

“In addition, we are experiencing a significant increase in customer recruitment and revenues from mobile platforms and, given our focus and commitment to investment in mobile, see this is as just the beginning of an increasing trend. 2013 has started strongly and we, therefore, remain confident of future growth,” concluded 888 CEO.

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