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Paddy Power Betfair revenue surpasses £1.5bn mark in 2016

23rd January 2017 8:45 am GMT

London-listed betting and gaming operator Paddy Power Betfair has reported an 18 per cent increase in revenue to £1,551m for 2016, despite seeing growth slow during the final quarter as customer-friendly results impacted revenue.

On a proforma basis, Paddy Power Betfair group revenue was up 10 per cent year-on-year to £388m in Q4, despite the impact of customer friendly results which cost the company an estimated £40m during the quarter.

The operator said, however, that the impact on profitability [...]

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