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Lotto24 swings to first quarter profit

10th May 2019 7:58 am GMT

German online lottery broker Lotto24 has reported a marginal increase in revenue to €8.6m for the first quarter of 2019.

Billings grew 4 per cent year-on-year to €75.9m, with revenue climbing 0.7 per cent to €8.6m as results were impacted by a comparatively weak jackpot trend during the quarter.

Lotto24 registered 86,000 new customers during Q1, down 52 per cent compared to the prior year period, with total registered customers up 29 per cent to 2,255,000. Cost [...]

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