The Stars Group reports huge rise in SBG revenue and operating profit
Sky Betting and Gaming (SBG) saw its revenue increase by 30% to £670.4m for the financial year ending 30 June.
In an acquisition report filed by The Stars Group, which completed its takeover of SBG in July, it was announced that betting revenue increased by 37% to £406.5m, while gaming revenue grew 19% to £239.2m.
Adjusted EBITDA for the year rose 43% to £208.6m, while SBG generated £33m worth of revenue from the Fifa World Cup alone.
Subsequently, SBG was able to report a £500.1m gross profit, an increase of 33%, and an operating profit of £86.7m, a 26% rise.
Rafi Ashkenazi, The Stars Group CEO, said: “We are excited about SBG’s potential as the fastest growing and one of the largest online and mobile sports betting and gaming businesses in the UK, the world’s largest regulated online gaming market.”
Richard Flint, SBG CEO, said: “We enjoyed another year of growth, extending our leadership as the UK’s most popular online betting and gaming brand. We also continued our investment in brand, technology and people, and continued delivering innovative products that meet the needs of our customers, all of which we believe combined to drive strong operating results.”
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