bet-at-home.com has reported a 13 per cent increase in full year gross betting and gaming revenue to €52.3 million for 2024.
Revenue was in line with the company’s guidance and helped EBITDA before special items more than double to €4.8 million for the year.
This included expense for legal cases and customer claims of €0.8 million, expenses of €2.4 million resulting from the valuation of receivables against the liquidated bet-at-home.com Entertainment, as well as provisions related to VAT in Switzerland between 2014 to 2023, including interest in the amount of €4.9 million.
As a result, consolidated net loss for the year was €4.5 million, compared to a net loss of €1.5 million in 2023.
For 2025, bet-at-home.com’s management board expects gross betting and gaming revenue to be between €46.0 million and €54.0 million, with EBITDA before special items expected to be between zero and €4.0 million.
The company’s forecast includes the expected impact of higher betting fees in Austria, which rise from 2 per cent to 5 per cent on 1 April.
Shares in bet-at-home.com bet-at-home.com AG (FRA:ACX) were trading 0.38 per cent higher at €2.66 per share in Frankfurt Monday morning.