Interwetten reports 25% full-year revenue rise
Chief executive Dominik Beier hails “extraordinary result” as revenues approach €100m mark
Interwetten today reported a 25% increase in full-year gross gaming revenue to €99.5m, marking the best annual performance in the operator’s history.
The Malta-headquartered operator took stakes of more than €2bn throughout 2019 and reached an EBITDA margin of 22.4%.
According to Interwetten CEO Dominik Beier – appointed in December 2018 – the results were achieved through product development, an improved mobile offering, and increased advertising.
Interwetten CEO Dominik Beier
Beier said: “This extraordinary result in 2019 occurs from great teamwork and great achievements across all areas of the company.
“A record result without the European or World Cup soccer and considering the major regulatory challenges is really extraordinary. Our size and structure enable us to work flexibly and quickly. We now have to keep going full throttle.
“2020 is a very important year, which will be marked by the product offensive, the European football championship and the expansion into new, regulated markets,” he added.
In December, Interwetten reinstated PayPal as a payment option in its key market of Germany.