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Bet365 posts £61.2m loss despite revenue growth in 2022-23
Gambling operator bet365 reported revenue of £2.85 billion (€3.22 billion) for the financial year ending on March 27th, 2022 — a 3% increase on the previous reporting period. Founder Denise Coates is believed to have earned £213.4 million for the year.
Gaming Giant Bet365 Announces $4.3 Billion in Revenues in 2023 Fiscal ...
Operator bet365 makes £3.39bn in sports and gaming revenue for 2023. This marks a 19% increase in revenue year-on-year, for the financial period ending 26 March 2023. Despite this, the company reported an operating loss. By Beth Turner.
Bet365 revenue climbs 19% but rising costs results in £60m loss
Period trading saw Bet365 increase its operating expenses by £585m (a 24% increase) to £2.89bn. The firm's corporate statement detailed increased investment in product development, content, and live gaming platforms, including the development of a new 'proprietary games recommendation engine'.
Bet365 boss Denise Coates sees pay jump to £221m - BBC News
Bet365 results reported that revenue from sports and gaming for the year ended 27 March 2022 was up by 2.9% year-on-year to £2.85bn. The increase was mostly due to the success of its gaming operations. Sports gaming revenue was down by 2% from 2020-21, while gaming revenue was up by 25%.