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Betfair blames tough comparatives on Q1 revenue drop

6th September 2011 8:15 am GMT

Betfair Group plc has reported a 7 per cent decline in total revenues to £80.8m for the three month period ended July 31st, with a fall in revenues across all the company products as a result of high comparables in the corresponding period last year.

Net gaming revenues (NGR) from Core Betfair, which includes the company’s betting exchange and its portfolio of sports betting, games and poker products, fell 7 per cent year-on-year to £79.9m which [...]

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