Bet-at-home reports above-average earnings growth in 2014

3 March 2015

Online gaming and sports betting provider bet-at-home has reported “above-average” year-on-year earnings growth during the 12 months through to December 31, 2014.

Gross betting and gaming revenue for the full-year amounted to just under €107 million ($119.7 million), which represents an increase of 25% on the €85.6 million achieved in the previous year.

Earnings before taxes during also hiked 78.2% from €15.4 million in 2013 to €27.5 million in the past year.

Bet-at-home also noted that, as a result of its activity surrounding last summer’s Fifa World Cup national football team tournament, its marketing expense was up 19.8% on a year-on-year basis to €41.1 million.

In addition, the operator was able to expand its workforce by 10% to 264 members of staff.

“In the reporting period, the positive growth in gross gaming revenue, the effects resulting from the increased efficiency in marketing commenced in 2013 and continued in 2014 as well as reduced other operating costs all had clearly positive repercussions for the earnings growth of the AG Group,” the operator said.

“From the current perspective and if the regulatory framework remains unchanged in the 2015 financial year, the board of directors anticipates that the gross betting and gaming revenue will be slightly higher compared with the 2014 financial year.”

Related article: Bet-at-home aided by advertising campaigns in first nine months