European sports betting operator bet-at-home AG continues its strong 2015 momentum recording a 9 month EBITDA profit increase (period ending 30 September) of 28.8% to €23 million (2014 Q1-Q3: €17.2 million).
Despite no major summer football tournament, bet-at-home recorded an 8.9% gain in gross gaming/betting revenues to €87.5 million (2014 Q1-Q3: €80 million).
bet-at-home governance was pleased to highlight that Q3 2015 had recorded its highest gaming/betting revenues contributing €30.7 million (Q1 2015: € 28.5 million; Q2 2015: €28.3 million).
The Frankfurt listed betting operator detailed that it was able to reduce marketing spend to €26.9 million for the period compared to the €34 million spent during Q1–Q3 2014.
The reduction in marketing costs forms part of bet-at-home’s strategy to improve operational efficiencies combined with improvements of product services and offerings.
Pleased with its corporate momentum, the bet-at-home board stated that it expected the operator to hit all key performance indictors with an EBITDA earnings in excess of €25 million as a realistic target for 2015.
bet-at-home performance Q1-Q3 2015 Overview