Finance

Paddy Power Betfair online revenues up 15% thanks to gaming spike

Sportsbook and gaming revenues both up double digits although exchange revenues climb just 1%

Paddy Power Betfair (PPB) has reported a 15% rise in Q3 online revenues to £248m, buoyed by a 26% rise in gaming revenues during the period. Online sportsbook revenues also climbed 17% to £173m, compared to the £75m in online gaming revenues. Exchange revenues climbed 1% year-on-year, which the group described as in-line with expectations and…

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