LiveScore Group has reported a 38% year-on-year (YoY) increase in turnover to £179m for the 52 weeks to 31 March 2.

Virgin Bet, Livescore Bet and Livescore Media continued to contribute significantly to the Group’s turnover, increasing by £49.3m to £179.0m during the year.

The Group incurred an operating loss of £50.7m (2023: loss of £61.8m) in the year, this included a loss on foreign exchange of £8.5m predominately on the devaluation of the Nigerian Naira.

This was in line with expectations and overall growth plans as the business incurred significant expansion and marketing costs. The reduced operating loss resulted from a gross profit increase that outpaced ongoing significant investment in marketing and the Livescore brand.

Ongoing operations have shown strong growth in revenues. The Group is focused on ensuring further growth across all markets in which the Group is operating.