Published
OnlineFinancialSports BettingIndustry

Bet365 sees 10% revenue rise for fiscal year, to £2.98bn

According to Bet365’s latest financial report, obtained by Gambling Insider, the operator generated revenue of £2.98bn ($3.94bn) for the 12 months ending 31 March 2019, a rise of 10% year-on-year.

bet365resultsup

Operating profit was £767.1m, an increase of 12%, while the number of Bet365's active customers rose 23% for the period.

The amount wagered on sports was £64.5m, up 23%, with in-play wagering representing 79% of total sports revenue.

Mobile sports revenue grew 18% during the fiscal year.

The operator also grew its number of staff to 4,646, an increase of 616 from 2017/18.

The period saw Bet365 increase its fixed assets by £120m, with a $50m investment in Empire Resorts in New York, increased player registrations and the purchase of a new office building.

The operator attributed its strong performance to revenue from the FIFA World Cup in 2018, and reduced direct costs as a result of a non-recurring charge in the prior period.

Bet365 CEO Denise Coates also credited the period’s progress to the evolution of the operator’s sports offering and gaming products, with investment in the development of in-house games, native apps and the growth of live casino.

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Chicken Ranch Casino
The Responsible Gambling Affiliate Association (RGAA)
Catena Media
Gambling Commission
Follow Us
The most prestigious Awards in the industry are heading to the Philippines! The Global Gaming Awards Asia-Pacific will recognise and reward (as the name suggests) the strongest performers from the Asia-Pacific gaming industry across the previous 12 months.
This year's winners will be announced at a luncheon ceremony on Day 2 of SiGMA Asia, 4th June, in Manila.
The eleventh annual Global Gaming Awards Americas will recognize and reward the gaming industry's strongest performers across the previous 12 months. These are the most prestigious and trusted Awards in the industry and have gained respect amongst industry heavyweights, due to the strict rules and procedures put in place.

Facing Facts: Operator Q3s from across the globe

Gambling Insider compares Q3 2023 results from major gamblin...

Taking Stock: Operators and suppliers across the world

Sticking with our theme of gambling across the globe, Gambli...

CEO Special: Jade Entertainment and Gaming CEO Joe Pisano - down to earth

Jade Entertainment and Gaming CEO Joe Pisano speaks to Gambl...

CEO Special: Betfred CEO Joanne Whittaker - saying it as it is

Betfred CEO Joanne Whittaker joins Gambling Insider Editor T...