Digital offering drives bet-at-home full year revenue

Finance News

The AG Group has announced its full-year 2022 IFRS financial results. During the financial year 2022, the AG Group undertook numerous measures to reorganise and streamline its operations, following the challenges faced in the previous year.

The company has changed its historical approach of extensive in-house development and initiated a shift towards an increased outsourcing, which will be deployed in the course of the financial year 2023.

Gross betting and gaming revenue from continuing operations in the financial year 2022 amounts to  EUR 53.5 million and is thus below the previous year’s level (FY 2021: EUR 59.3 million), mainly due to the discontinuation of the offering in the United Kingdom, and the implementation of cross-product deposit limits in Germany from mid-2022.

Gross revenue from online sports betting (less paid out winnings) from continuing operations in 2022 amounts to EUR 49.0 million, which is below the previous year’s level (FY 2021: EUR 56.6 million).

Gross revenue from online gaming (less paid out winnings) from continuing operations is higher than in the previous year, at EUR 4.5 million (FY 2021: EUR 2.8 million). Online gaming segment includes casino, games and virtual sports products.