bet-at-home AG first half revenue was EUR 26.7 million, gross betting and gaming revenue for continuing operations in the first half of 2022 was 18.6% below the prior-year.

The main reasons for this are regulatory developments, particularly in the core market of Germany. Legal requirements such as an elaborate registration process and a limited betting offer continued to have a negative impact on customer activity in the first half of 2022.

Although long-term legal certainty was gained in the core market of Germany as a result of licensing, the comprehensive implementation of cross-product monthly betting limits from July 1, 2022 will lead to further revenue losses in Germany. In addition, the online gaming segment in Germany developed below expectations due to the ban on popular games such as roulette and blackjack and the limitation of the remaining licensable offering.

The management board currently expects gross betting and gaming revenue of between EUR 50 million and EUR 60 million and EBITDA of between EUR -2 million and EUR -4.5 million in fiscal year 2022.