Betfair misses despite hitting its goals as traders and analysts go cold on fears that the firm is over-valued June 17, 2015 The City stopped championing Betfair yesterday, despite premier full-year results from the online bookmaker. Shares in the FTSE 250-quoted firm slid throughout the day, with analysts warning that the stock was overvalued due to intense competition in the online gaming market. Betfair closed 3.9 per cent lower at 2,416p, against the FTSE 250 [...]
Betfair enjoys surge in profits as customer base grows by half June 17, 2015 Betfair Group enjoyed a surge in profits following a 52 per cent increase in its active customer base in 2015, leading to its chief executive saying the company is "well positioned for further growth". The figures Betfair's revenue for 2015 was up 21 per cent on 2014 – standing at £476.5m. This led to profits [...]
Betfair share price shoots up after incresing full-year profit outlook by at least £10m March 5, 2015 The figures Shares in Betfair raced ahead 15.8 per cent in late morning trading, after it posted third quarter figures which led the bookie to increase its projections for the full-year by at least £10m. It now expects earnings of between £113m and £118m for 2015, up from the previous quarter when it pegged that [...]
Betfair’s TVG network gambles on Stronach’s racing channels February 18, 2015 TVG, an American sports-oriented digital cable and satellite television network owned by betting giant Betfair, yesterday acquired the HRTV horse racing TV network from the Stronach Group. HRTV will be rolled into TVG’s network, with Betfair owning 100 per cent of the equity in the combined platform. The deal also sees TVG acquire long-term television [...]
Friday the 13th is lucky for these commuters getting a rally car to and from work February 13, 2015 Friday the 13th may be considered the unluckiest day of the year by some, but weary commuters are in luck today. A fleet of rally cars are super-charging Friday’s commute around the capital by offering to ferry people to and from their destinations throughout the day – thanks to Betfair. No, it’s not the latest company [...]
Tinder and Betfair hook up with “Dave”, “Ed”, “Nick” and “Nige” profiles to lure “disengaged, tech-savvy voters” January 26, 2015 With now less than 100 days until the General Election, all eyes will be on the polls – but which survey should you trust? Well, if you’re not a political animal – and would rather base your vote on shared food choices and notches on the bedpost than actual policy decisions – Betfair may [...]
Betfair pays £200m to shareholders as profits rise 112 per cent December 4, 2014 It been a bumper half year for Betfair. The figures for the six months to 31 October 2014 are the stuff of a financial officer’s dreams: profit before tax up 112 per cent to £67.3m, revenue up 26 per cent to £237.6m, EBITDA up 51 per cent at £73.9m, and a £200m pay-out to shareholders. [...]
Betfair revenue up as number of punters rises November 3, 2014 BETFAIR, one of the world’s largest internet betting exchanges, yesterday announced it had seen a 22 per cent boost in revenue in the second quarter of 2014. The betting giant’s revenue rose to £119m in the three months up until the end of October, driven by what it defined as “strong growth in active customers [...]
Betfair share price rises as bad luck boosts revenues November 3, 2014 A punt on Betfair paid off this morning, after shares rose 2.98 per cent to £12.46 in early trading on strong second-quarter results. The company said revenues rose 22 per cent to £119m in the three months to the end of October, driven by "favourable sporting results" – an upsurge in punters making losing bets [...]
Scottish independence: Aye, it’ll be nae! Betfair pays out early on No vote September 16, 2014 Bookmaker Betfair has put its money where its mouth is by paying out early on the Scottish referendum outcome in favour of a No vote. The company has paid out over £100,000 to punters using Betfair Exchange, a small part of its bigger betting business, which allows people to wager against each other. The move [...]