Finance

Smarkets makes £8.9m full-year loss despite user growth 

CEO Jason Trost says growth slowed down as work was done “under the hood” to put the business in better shape for 2019 and beyond 

Smarkets has reported a 42% decline in 2018 revenues to £11.9m, with the exchange operator pointing to challenging wider market conditions and changes “under the hood” of the business to prepare it for future growth. According to new figures filed with Companies House, the firm also made an £8.9m loss in the 12-month period after…

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