888 reports 20% increase in revenue to $257m in Q2

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888 has issued a post-close trading update for the three months ended June 30, 2021. Its trading update provides yearly and constant currency comparative figures in US dollars against Q2 2020.

888 has reported year-on-year revenue growth of 29 percent, to $257 million, driven by what the operator described as the continued success of its product-leadership strategy, long-term positive customer acquisition trends, and continued expansion in regulated markets.

Also, Growth in related markets accounted for 74% of its revenue, with strong performances in the UK, Italy, Spain, Romania, and Portugal.

B2C revenue increased by 21 percent to $247 million, as casino revenue increased by 13% and sport revenue increased by 94%. Sport growth became better in the year-on-year comparison by a decrease in the number of sporting events due to the pandemic.

B2B revenue fell by 6% to $10 million, with poker and bingo revenues falling from the previous year.

“I am glad to report that the strong momentum from the first quarter of 2021 continued into the second quarter, albeit with the year-on-year growth rate moderating in light of stronger comparables from the prior year,” said Itai Pazner, CEO of 888.

 

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Nassima Azmzm

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