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Kindred Group sees Q1 revenue fall 30 per cent to £246.7m

28th April 2022 11:15 am GMT
Kindred Group

Kindred Group’s revenue in the first quarter of 2022 fell by 30 per cent year-on-year to £246.7m, primarily due to the company’s temporary withdrawal from the Netherlands.

Total revenue from both B2B and B2C operations fell from £352.6m a year ago to £246.7m in Q1 2022, with B2C gross winnings revenue down 31 per cent to £242.4m.

Excluding the Netherlands, gross winnings revenue would have declined by 7 per cent year-on-year, or 3 per cent in constant [...]

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