OPAP records 20% revenue increase in third-quarter results

Finance News

OPAP posted a 20% revenue increase to €470.2m in its third quarter results. EBITDA came in at €175m up by 62.1%.Sports betting revenue increased 39.1% to €141.4m.

“OPAP’s Q3 results affirm our ability to sustain a strong financial performance, while implementing key initiatives of our Fast Forward Strategy,” OPAP chief executive Jan Karas said. “Retail resilience and continuing online growth, clearly aided by Stoiximan’s contribution, were the key drivers.

“During the quarter, we tapped the benefits of our recently launched loyalty program, which is key to further digitalising our offering. We are pleased to see the positive impact of our loyalty program, which has been well received both by our customers and partners. 

“In any case, we remain committed to delivering an even more entertaining customer experience across all our channels, so as to promote OPAP’s long-term growth.”