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mybet lowers full year guidance despite Q3 revenue growth

7th November 2013 9:15 am GMT

Despite posting a 4 per cent increase in revenue to €15.6m for the third quarter of 2013, Germany’s mybet Holdings has lowered its expectations for the full year with revenue now expected to be between €70m and €75m.

The third quarter benefited from a strong performance from the company’s sports betting offering, which grew revenue by 31 per cent year-on-year to €8.0m.

Q3 and Year-to-Date 2013 Revenue

mybet said that both betting stakes and [...]

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