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Bet at Home With Positive Q1 Financial Report

Bet-at-Home With Positive Q1 Financial Report

One of the more successful online gaming companies Bet-at-home has just revealed their Q1 results and it looks positive. The company said that they had achieved "successful progression" in the first three months of 2014, showing year-on-year growth in both revenues and profits before tax and interests.

Bet-at-Home reported gross betting and gaming figures of €25.2 million for the first three months of the year, which is a 10.9% increase year-on-year, as last year's Q1 revenues were at €22.7 million. They also experienced a massive jump in EBITDA, which rose 132.8% to €8.3 million, from €4.7 million in 2013. Furthermore Bet-at-Home could also show an increase in its amount of employees, which rose by 3.8% in the first quarter.

Along with the results, Bet-at-Home also released a statement regarding their Q1 results, where they said that the company has been “able to continue its successful progression in the first quarter of 2014, thus tapping into the impetus of the previous year”. Should Bet-at-Home continue with this progression, it won't be long until they begin to take on new markets and could become a more serious competitor around the world.

News by Daniel Allermand
Daniel Allermand - Reporter

Daniel Allermand is a freelance writer, with more than 4 years of experience in the industry as an operator, affiliate and poker player. Daniel has decided it was time to try and bring more coverage about the industry to the general public by writing articles about everything from poker to casino.


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