Bet-at-home predicts 2020 revenue decline as FY 2019 revenue flat
Bet-at-home gross betting and gaming revenue was €143.3m ($163.9m) for the full-year 2019, almost exactly the same as the prior year’s revenue of €143.4m.
EBITDA for 2019 was €35.2m, a fall of 3% year-on-year, while earnings before taxes were €33.1m, down 5%.
Marketing expenses during the year were €39.8m, a rise of 4% from 2018, and consolidated profit was €18m, down 45%.
Despite this, the German operator achieved the highest betting and gaming volume in its history, at €3.2bn.
As of 31 December 2019, Bet-at-home had 5.2 million registered customers, up 4% from the prior year.
In its predictions for 2020, Bet-at-home estimates gross revenue of between €120m and €132m, with EBITDA of between €23m and €27m.
The operator attributes this predicted decline to “the loss of essential parts of the Swiss market and the significant decline in the Polish market.”
Although the operator admits regulatory changes in Germany could lead to a potential decline in revenue, it concludes this “can currently not be estimated and is therefore not considered.”
Gambling Insider delivers the latest industry news, in-depth features, and operator reviews that you can trust. Our team combines rigorous editorial standards with decades of specialized expertise to ensure accuracy and fairness. We are committed to delivering clear, impartial, and dependable coverage across the global gambling sector.
