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bet-at-home.com reduces costs but revenue decline continues

22nd November 2022 10:12 am GMT

Frankfurt-listed operator bet-at-home.com has reported a 50 per cent drop in net betting and gaming revenue to €30.7m for the nine-month period ended 30 September.

Total betting and gaming volume was down 74 per cent year-on-year at €342.6m, with €303.5m paid out in winnings during the period.

Gross betting and gaming revenue fell by 51 per cent to €39.1m, in line with expectations. Lower betting fees and gambling levies of €8.3m, alongside VAT on electric services of [...]

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