bet-at-home.com slowed the decline in its revenues in the fourth quarter, helped by a return to growth in the sports betting and online markets.

The negative revenue impact of the COVID-19 pandemic was clearly noticeable within the bet-at-home.com AG Group with the cancellation or postponement of many leagues and sporting events from mid-March 2020.

The gradual resumption of operations, particularly in the national European soccer leagues and international competitions, had a positive impact on the summer months, which are usually relatively weak in terms of revenue, although it was not possible to fully compensate the revenue lost in spring.

Irrespective of this, the online gaming segment including casino and live casino was not negatively affected by the pandemic. However, the legal liberalization steps in Germany led to restrictions in the online gaming segment, which had a negative impact on online casino revenues in the core market of Germany. Overall, gross betting and gaming revenue in financial year 2020 amounts to EUR 126.9 million (FY 2019: EUR 143.3 million).

In the financial year 2020, EBITDA of EUR 30.9 million is lower than in the same period of the previous year (FY 2019: EUR 35.2 million). However, the initial EBITDA guidance of EUR 23 million to EUR 27 million for the financial year 2020 was thus significantly exceeded.

From the current perspective, the Management Board expects a gross betting and gaming revenue between EUR 106 million and EUR 118 million in the financial year 2021. The decline in gross betting and gaming revenue compared to the financial year 2020 is largely attributable to the implementation of legal requirements in connection with the German sports betting license. In addition, requirements imposed by German authorities in the area of casino products have to be met since October 2020, which will have a negative impact on revenue development in the financial year 2021.