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Lotto24 post strong 2014 revenue growth but widens net loss

20th January 2015 8:00 am GMT

Lotto24 has reported strong revenue growth in its preliminary results for 2014, although the German online lottery broker incurred a net loss of €16m during the year as a result of investments made to further expand its operations.

Billings soared 168 per cent versus the previous year to €82m, generating revenue of around €8m, up 180 per cent year-on-year. Lotto24 said that both figures were in line with its initial forecast, with gross margin of 9.5 [...]

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