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Kindred Group grows underlying EBITDA by 3.7x in final quarter of 2020

12th January 2021 7:31 am GMT
Kindred Group

Stockholm-listed online betting and gaming operator Kindred Group has recorded a near four-fold increase in underlying EBITDA for the fourth quarter of 2020 following its strongest ever quarterly revenue performance.

Kindred said in a trading update Tuesday that gross winnings revenue for the fourth quarter climbed by 54 per cent year-on-year to £365m, driven by an 11 per cent increase in active customer numbers to 1.78m.

The company also benefited from higher-than-normal sports betting margin of approximately [...]

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