bet-at-home.com AG announces that adverse sporting results, in particular a disproportionate number of favorite wins in the most relevant football leagues negatively impact sports betting margins in the period from August to October 2023.

The Management Board therefore adjusts its guidance for gross betting and gaming revenue for the 2023 financial year and now expects a target range of EUR 44 – 48 million (previously: EUR 50 – 60 million).

The management nevertheless expects an EBITDA for the 2023 financial year in the upper range of the previously announced forecast from EUR -3 million to EUR 1 million (as reported in the interim financial report 2023, there may arise additional one-off effects from the winding-up of bet-at-home.com Entertainment Ltd. (in Liquidation)). In particular, the migrations of the customer and betting platforms to an outsourcing partner have positively impacted the cost and earnings structure.