Published

Betfair increases customer base by 50%

Onli

Betfair
ne operator Betfair has reported a 50% year-on-year increase in its active customer base, to over one million, for the six months ended 31 October.

The UK-based company has also posted a revenue increase of 26% to £237.6m, which it says is driven by favourable FIFA World Cup results last summer.

Revenue from the World Cup totalled £15.9m, double what was made from Euro 2012.

Betfair’s EBITDA is also on the rise, up 51% to £73.9m, while mobile revenue has more than doubled and now represents 70% of sportsbook revenue.

Breon Corcoran, Betfair chief executive said: “These results demonstrate strong delivery against our strategy for achieving sustainable growth that we outlined two years ago.

“We have substantially strengthened our competitive position by investing in products that differentiate Betfair and by enhancing our marketing capabilities in a crowded market place.

“Innovative products such as Cash Out, Cash Back Extra and Price Rush, coupled with a relentless focus on providing value through market leading promotions and odds, have allowed Betfair to acquire and retain more customers than ever before."

Premium+ Connections
Premium

RISK

 
Premium

Revsharks

 
 
Premium

Sport Generate

 
Premium

GammaStack

 
Premium

1xBet Partners

 
Premium

Lynon

 
Premium

Galaxsys

 
Premium

Imagine Live

 
Premium

PIN-UP Partners

 
Premium

Digitain

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...