888 Holdings posts jump in revenue

Finance News

888 Holdings has posted a jump in revenues to $229.9m for the third quarter 2021. Group revenue was up 7% driven by continued expansion in regulated markets, despite a tough comparator period due to the very strong growth in the prior year.

Strong performance in B2C Gaming was led by casino; B2C Betting declined against a very strong outcome in Q3 2020 when the Group benefitted from the condensed calendar of sporting events following Covid-related disruption. Compared to Q3 2019, B2C Betting revenue increased by 21%.

Itai Pazner, CEO of 888, commented: “Q3 2021 was a period of outstanding strategic progress for 888. During the period we announced the transformational acquisition of William Hill International, successfully launched SI Sportsbook in the US, and began operating 888sport under a new licence in Germany as we continued to execute our plan to build a global online betting and gaming leader.

Alongside these important strategic milestones, I am pleased with the Group’s continued positive trading, particularly as we lap very tough comparative periods. This performance reflects the continued success of our data-driven investments and execution against our product-leadership plan that delivers ongoing improvements in the usability, quality and safety of our sports betting and gaming products.