Latest News
Bet365 Reports Revenue of £2.85bn for 2021-22

Bet365 has reported revenue of £2.85bn for 2021-22. That’s a rise of 2.9% year-on-year. However, operating profit fell by 87.8% to £41.7m due to the cost of customer acquisition in new markets.
Sports betting revenue was down by 2% due to margins (wagers were up by 48%) but gaming revenue rose by 25%. However, marketing costs grew by 1.4% to £496.8m and administrative expenses by 18.2% to £2.31bn due to “significant costs associated with raising brand awareness in new markets alongside continued investment in IT infrastructure and technology”.
Staff costs rose, with the number of staff rising from 5443 to 6092, although CEO Denise Coates took a 16.5% pay cut, receiving a mere £213.4m. Pre-tax profit was £76.1m.
Factoring in a £26.2m loss from Stoke City Football Club, the group made a pre-tax profit of £49.8m. Total profit was down 89.8% at £42.8m.
-
Interviews5 days ago
Why crash has become big business for operators and suppliers
-
Asia4 days ago
BETBY TRIUMPHS AT SiGMA ASIA MANILA, WINNING BEST ESPORTS PROVIDER AWARD
-
Balkans5 days ago
Evoplay partners with Palms Bet to strengthen Bulgarian presence
-
Latest News5 days ago
Veikkaus Enters into Long-term Partnership with Jokerit
-
Interviews4 days ago
Bet Builder Q&A w/Abelson Sports’ CBO Jeevan Jeyaratnam
-
Compliance Updates5 days ago
Lukashenko Says Gambling Establishments Should Introduce Moratorium on Gaming in Debt
-
Conferences in Europe4 days ago
WiseGaming ready to showcase agile platform at SBC Malta
-
Latest News4 days ago
Oddschecker Announces Key Grid Position Updates