Betfair Reports Strong Second Quarter Results

Favourable sporting results and a 30 percent growth in active customers

Ahead of an investor and analyst presentation later today (Monday), Betfair has revealed a 22 percent increase in Q2 revenue to GBP 119 million driven by strong growth in active customers and favourable sporting results.

Taking into consideration unusually high gross win margins, Betfair still turned in a 13 percent increase in second quarter revenues, saying its active customer base was up 30 percent continuing the momentum achieved from a strong World Cup performance in the first quarter.

Breon Corcoran, chief executive officer for Betfair said: "Encouragingly, the recent growth in customer activity has continued with the active customer base up 30% in Q2. These trends, combined with favourable sporting results, have led to another strong quarter and underpin our confidence in delivering our expectations for the year."

Online Casino News Courtesy of Infopowa

More news

here.

About the Author... Total Posts Written: 9,462
Casinomeister

Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
bryan@casinomeister.com

See More Posts