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US and gaming drive revenue growth in strong Betfair Q1s

26th August 2015 8:08 am GMT

Betfair has reported a 15 per cent increase in revenue to £135.4m for the first quarter ended July 31st, with EBITDA climbing 19 per cent year-on-year despite the impact of £12.8m of additional UK Point of Consumption tax.

Betfair said that the results represented another strong performance by the operator, with double-digit revenue growth against the period containing the World Cup last year “particularly encouraging” and ahead of expectations.

Q1 2015/16 Revenue

Sports betting revenue increased by 8 [...]

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