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888 revenues rise

05 September 2017 08:40

888's revenue increased 3% to US$270.1 in the six months to the end of June - up 9% on a constant currency basis.

B2C revenue increased 6% to US$242.6 million - on a constant currency basis B2C revenue increased 11%.

Casino revenue increased 6% to US$146.0 million - up 11% at constant currencies.

Poker revenue increased 1% to US$42.5 million - on a constant currency basis poker revenue increased 1%.

Sport Revenue increased 35% to US$33.7 million; on a constant currency basis sport revenue increased 45%.

B2B revenue decreased 15% to US$27.5 million; on a constant currency basis B2B revenue decreased 6%.

Revenue from Europe (excluding UK) markets increased 24% to US$133.6 million (H1 2016: US$107.5 million) representing 49% (H1 2016: 41%) of Group revenue.

Adjusted EBITDA increased 8% to US$47.6 million (H1 2016: US$44.1 million); on a constant currency basis Adjusted EBITDA increased 22% to US$53.8 million.

Adjusted profit before tax increased 12% to US$37.6 million (H1 2016: $33.7 million); reported loss before tax was US$17.3 million (H1 2016: profit $27.8 million) as a result of exceptional charges of US$50.8 million during the period.

At 8:40am: (LON:888) 888 Holdings PLC share price was +3.75p at 267.25p

Story provided by StockMarketWire.com

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