Betfair said Thursday that the company remains confident that it will achieve full year revenues of between £370m to £385m, despite posting a 4 per cent drop in revenues for the third quarter ended January 31st.

Third quarter revenues fell 4 per cent to £90.5m, with growth in the company’s sportsbook offsetting declines in its betting exchange and online gaming products.

“Betfair performed well in the third quarter and the business is on track against our full year expectations,” said Betfair CEO Breon Corcoran.

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