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Paddy Power Betfair posts Q3 growth despite lower Online revenue

1st November 2017 9:07 am GMT

London-listed betting and gaming operator Paddy Power Betfair has reported a 9 per cent increase in revenue to £440m for the third quarter of 2017, despite a second consecutive quarter of decline from the online business.

The revenue increase was led by an 11 per cent increase in sports revenue to £350m, with sportsbook stakes climbing 18 per cent to £2.86bn.

"Q3 was an encouraging quarter for Paddy Power Betfair, with good stakes growth despite the absence [...]

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