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Bet-at-home’s revenue surges to record high

Published

6 years ago

March 5, 2019

Niji Narayan

bet-at-home.com releases company figures for 2019

Reading Time: < 1 minute

Bet-at-home, a top online betting company in Germany, has witnessed a tremendous hike in revenue. The company has reported an EBITDA of €36.2m for the financial year 2018, which is the highest in the company’s history.

EBIT at constant depreciation also increased to €34.9m (€34.1m), while after the deduction of taxes on income and earnings of €2.4m (€2.8m), consolidated profit for FY2018 was €32.6m (€32.8m).

Gross betting and gaming revenue for the period was €143.3m, while the amount cash and short-term time deposits was €78.3m.

“From the current perspective, and assuming an unchanging regulatory and tax law environment, the management board expects a gross betting and gaming revenue between €130m and €143m in the fiscal year 2019,” the company stated in a press release.

“The decline in gross betting and gaming revenue compared to the financial year 2018 is attributable to legal uncertainties in Switzerland. Furthermore, the management board expects EBITDA to amount between €29m and €33m in the fiscal year 2019,” the press release clarifies.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.