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Bet365 has reported revenue of £2.81bn (€3.39bn/$3.76bn) in the full year ended March

2024, largely even with its 2024 revenue, 🤑 as growth in gaming helped offset a

pandemic-related drop in in-play betting volume.

This was a slight rise of 0.2% from

🤑 Bet365’s full year 2024-20 results, due to the pandemic effectively ceasing live sports

for at least half of the year.

Sports 🤑 and gaming accounted for a grand majority of the

revenue, totaling at £2.77bn.

While the operator did not mention how much 🤑 revenue came

from each aspect of that vertical, it said that gaming rose 8%, offsetting lower sports

revenue. In-play share 🤑 made up 68% of the sports revenue, falling from 75% in

2024.

Total wagers on sports were down by 13%, the 🤑 second consecutive year of declining

stakes.

Football club and facilities revenue, from Bet365 Group-owned Stoke City FC,

came to £29.3m.

Sports and 🤑 gaming also incurred all direct costs, at £489.8m. This left

the total gross profit at £2.32bn, down 3% year-on-year.

Administrative expenses 🤑 came

to £2.04bn in total, £170.5m less than in 2024. Again, sports and gaming costs made up

most of this, 🤑 at £1.95bn, while football club and facilities accounted for the

remaining £85.1m.

After considering this, the operating profit for the year 🤑 totalled

£285.5m, up by 46.6% from 2024. The company attributed this to a decrease in

remuneration.

Following gains on investments at 🤑 £177.2m and interest income at £6.4m,

along with interest paid at £1,000, the total profit before tax was £469.2m. This 🤑 was a

rise of 242.3%.

Taxation was £66.2m, £49.4m more than in 2024, bringing the total

profit for the financial year 🤑 to £403m, up 234.8%.

The business paid a dividend of

£97.5m to shareholders for the year.

The number of active customers rose 🤑 by 13%,

against a 4% rise in 2024. However, amounts staked on sports fell by 13%, as opposed to

an 🤑 8% decrease in 2024.

“The Covid-19 pandemic has had a significant impact on the

business throughout the period,” said Denise Coates 🤑 (pictured), director of Bet365.

“The global suspension of sports across all levels resulted in dramatically reduced

revenues.

“However, sport resumed in 🤑 the second half of the period and revenues

increased to above pre-pandemic levels.”

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