Webis Revenue Halves In Challenging First Half

Business News

Webis Holdings posted a deeper first-half loss, owing to a drop in betting volumes.

Pre-tax losses for the six months through November amounted to $591k, compared to loss of $19k on-year.

Revenue almost halved to $5.38m, mainly due to a reduction of betting activity in the company’s international business-to-business sector.

‘Performance has been steady for the new period during a normally quiet time of year for weather and lack of quality content,’ Webis said. ‘Overall, we continue to focus on growing player numbers, whilst keeping a close control on costs and implementing further cost efficiencies across the business.’

Looking ahead, Webis said: “Performance has been steady for the new period during a normally quiet time of year for weather and lack of quality content. Overall, we continue to focus on growing player numbers, whilst keeping a close control on costs and implementing further cost efficiencies across the business.”

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