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Latest News

888 Half Yearly Results

Half yearly results stated:

Underlying revenue growth of 9%, driven by casino growth of 11% and sports growth of 45%, with weaker performances from bingo and poker.
This represents a marginal slowdown vs. 11% reported for the year-to 21 March
39% of its revenues exposed to GBP, reported revenue grew 3% to $270.1m
EBITDA margin increased 80bp because of lower marketing spend
Mobile continues to drive growth representing 69% of UK revenue, up 13 percentage points year on year
Revenues from regulated and taxed markets remain broadly flat, representing 71% of group revenue
Reported “strong progress in Spain” and “excellent momentum” in Italy
On 31 August, the Gambling Commission announced it was to fine 888 a total £7.8m

As of 08:25am the stock was trading up c.0.86% at c.265.50p


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