Bet-at-home beats forecasts with digital growth

Business News

Gross betting and gaming revenue was EUR 37.2 million in the first quarter of 2019, hence 12.1% higher than in the comparable period of 2018 (Q1 2018: EUR 33.2 million).

The betting and gaming volume totaled EUR 827.3 million in Q1 2019 (Q1 2018: EUR 733.9 million).

Betting fees and gambling levies increased slightly to EUR 5.3 million in the first quarter of 2019 compared to the same period of the previous year (Q1 2018: EUR 5.1 million). VAT on electronic services led to a negative impact on earnings of EUR 0.9 million in the first quarter of 2019 (Q1 2018: EUR 1.9 million).

Accordingly, net betting and gaming revenue increased by 18.8% to EUR 31.1 million (Q1 2018: EUR 26.2 million).S

In the current financial year 2019, bet-at-home.com will continue to strengthen the awareness of the brand through international advertising campaigns in the form of TV spots, print and online media as well as sponsoring cooperations and extensive bonus promotions.

As a result, marketing expenses of EUR 8.2 million in the first quarter of 2019 were as planned above the reference value of the previous year (Q1 2018: EUR 7.7 million).

As at 31 March 2019, the bet-at-home.com AG Group had 5.1 million registered customers (31.03.2018: 4.9 million).

EBITDA of EUR 12.7 million in the first quarter of 2019 was up 35.6% and hence significantly higher than in the previous year’s period (Q1 2018: EUR 9.3 million), thus continuing the successful previous quarter of Q4 2018 (Q4 2018: EUR 12.3 million). Earnings before taxes (EBT) amounted to EUR 12.2 million in the first three months of the financial year (Q1 2018: EUR 9.0 million).

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