888 Holdings announces record profit for first half of 2021
The UK online betting and gaming operator has reported a 39.4 per cent increase in revenue year-on-year
UK.- The online gaming company 888 Holdings has released its interim 2021 earnings report, registering a record profit for the first half of the year.
The company reported revenue of $528.4m for the six months ending June 30, an increase of 39.4 per cent from $379.1m in the first six months of 2020. The UK market accounted for $222.6m, an increase of 56.4 per cent year-over-year, maintaining its position as 888’s core market.
Revenue from the region of Europe, Middle East and Africa (EMEA) grew by 9.4 per cent to reach $165.8m, 31 per cent of the group’s total.
Considered separately from EMEA, Italy generated $67.9m, up 81.6 per cent year-on-year.
Itai Pazner, CEO of 888, said: “The strong momentum from 2020 continued into the first half of 2021, with growth driven primarily by regulated markets, where we believe ongoing market share gains continue to reflect our product-leadership strategy, highly effective data-driven marketing, and our excellent content.”
In July, 888 announced that Q2 was slightly ahead of board expectations, with revenue up 10 per cent year-on-year at $257m. The company said it remained “well positioned to deliver further strategic progress during 2021 and beyond”.
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