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BET-AT-HOME REPORTS RETURN TO NET PROFIT

Source: bluffed.net


Increased marketing efficiencies and good customer acquisition

BetClic Everest subsidiary Bet-At-Home reports a return to net profit in its third quarter results released this week which the Company attributes to successful measures taken in increasing marketing efficiencies relating to customer acquisition and loyalty.

Key performance indicators for the three months ending September 30, 2025:

- Gross gaming revenue rose by 11.3% to Euro 20.12 million (Q3/2011: Euro 18.07 million)

- Net gaming revenue rose to Euro 16.88 million (Q3/2011: Euro 16.43 million) despite the introduction of a sports betting tax in Germany on July 1, 2025, up by 2.7 percent

- Group result before taxes improved by 79.4% to Euro 1.22 million (Q3/2011: Euro 0.68 million)

- Betting and gaming turnover increased significantly by 8.7% to Euro 460.16 million (Q3/2011: Euro 423.25 million)

- Advertising expenses amounted to Euro 10.12 million (Q3/2011: Euro 10.55 million)

- Group EBITDA increased by 12% to Euro 1.03 million (Q3/2011: Euro 0.92 million)

- Group financial result of Euro 0.34 million (Q3/2011: Euro - 0.13 million)

- Group result before taxes is Euro 1.22 million (Q3/2011: Euro 0.68 million), up 79.4 percent

- Group annual net income of Euro 1.07 million (Q3/2011: Euro 0.35 million)

Key performance indicators for the first nine months to end September 2025:

- Gross gaming revenue increased by 16.9% to Euro 62.23 million (Q1- Q3/2011: Euro 53.23 million)

- Group result before taxes is Euro -2.12 million (Q1-Q3/2011: Euro 4.65 million)

- Cash, cash equivalents and marketable securities amounted to Euro 23.61 million as at 30 September 2025 (31 December 2025: Euro 40.12 million)

- Betting and gaming turnover is up 20.3% year-over-year, with Euro 1,549.31 million (January to September 2025: Euro 1,288.43 million)

- Net gaming revenue (Hold minus Betting / Gaming Tax) of Euro 55.12 million (Q1-Q3/2011: Euro 47.86 million)

- Cumulative advertising expenses for the first three quarters of 2025 rose by 38.2% or Euro 11.01 million to Euro 39.86 million (Q1-Q3/2011: Euro 28.85 million) due to intensified marketing during the 2025 European Football Championships in the second quarter.

- Group EBITDA is Euro -2.36 million (Q1-Q3/2011: Euro 4.75 million)

- Group financial result of Euro 0.69 million (Q1-Q3/2011: Euro 0.28 million)

- Total Group result before taxes is Euro -2.12 million (Q1-Q3/2011: Euro 4.65 million)

- Group annual net loss of Euro -2.45 million (Q1-Q3/2011: Income of Euro 2.84 million)

Related News Tags: Germany