Sports betting

Marketing costs dent bet-at-home profits

Q1 EBITDA declines 22% year-on-year as firm ramps up marketing ahead of Euro 2016

Bet-at-home has announced a 21.9% year-on-year fall in Q1 profits after a rise in revenues failed to offset a significant increase in marketing costs. The Betclic Everest Group subsidiary revealed EBITDA had decreased from ?9.6m (?7.6m) in Q1 2015 to ?7.5m (?5.9m) in the comparative period this year following a 35.9% increase in marketing expenses.…

Bet-at-home | Euro 2016 | Marketing | Sports betting | Sports betting