SBC News Q3 bounce back sees bet-at-home recover its 2018 expectations

Q3 bounce back sees bet-at-home recover its 2018 expectations

The governance of Frankfurt Xetra-listed bet-at-home AG has detailed a significant upturn in its Q3 2018 trading (period ending 30 September), as the company remains confident of delivering its full-year 2018 expectations.

Updating investors, bet-at-home reveals a ‘record-breaking’ Q3 2018 EBITDA of €13 million, as the operator benefitted from its ‘intensified marketing measures’ executed for World Cup Russia 2018 during Q2 2018 trading.

“During the course of the Football World Cup in Russia from 14 June to 15 July, bet-at-home.com was increasingly present from May 2018 through international advertising campaigns in the form of TV spots, posters and online media as well as a comprehensive bonus campaign throughout Europe.”

“A major event of this magnitude has always been the ideal time for bet-at-home.com with regard to acquiring new customers and reactivating existing customers” details bet-at-home governance on its corporate update.

The record-breaking quarter sees the Frankfurt enterprise recover its 2018 momentum, following a tough Q2 trading which was hampered by significant Polish market adjustments.

Year-to-date, bet-at-home has delivered betting revenues of €104 million (YTD 2017: €108 million) combined with a group operating YTD 2018 EBITDA of €24 million (YTD 2017: €25 million)

Buoyed by its post-World Cup capacity, bet-at-home governance remains confident of delivering on its EBITDA outlook of €36-40 million, assuming ‘an unchanged regulatory and tax law environment’.

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