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Lotto24 losses continue into Q3 but new customers boost revenue

12th November 2015 8:48 am GMT

Frankfurt-listed online state lottery broker Lotto24 has reported an 88 per cent increase in revenue to €10.0m for the nine month period ended September 30th, boosted by a significant increase in registered customers during the period.

Billings were up 76 per cent to €101.0m, with gross margin improving significantly compared to a year ago, from 9.2 per cent in the previous year to 9.9 per cent. This followed a strong performance in [...]

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