Tag: Betting

Posted on

Paddy Power Betfair made £440 million profit in 3 months

Revenues at bookmaker Paddy Power Betfair rose by 9 per cent to £440million in the group’s third quarter, driven by 11 per cent growth in sports revenue.

In the three months to end-September, revenues rose from £404 million to £440 million, with underlying earnings (EBITDA) up 7 per cent to £121 million. The group now expects full-year earnings to be in the range of between £450 million and £465 million.

https://www.irishtimes.com/business/retail-and-services/revenues-rise-by-9-at-paddy-power