Betfair share price up with record quarterly revenue on target thanks to World Cup September 4, 2014 Betfair scored big in the three months to July – a period which happened to coincide with the World Cup – recording its best-ever quarterly revenues, which sent shares up three per cent this morning. The bookies’ revenue jumped by 30 per cent to £117.3m, largely down to the world's biggest football tournament, though stripping [...]
Betfair sees profit before tax rise 61pc July 11, 2014 Betfair has seen its profit before tax rise 61 per cent to £61.1m during this financial year, according to preliminary results released today. The period, which does not include the World Cup, also saw EBITDA rise 24 per cent to £91m and dividends up 54 per cent to 20 pence per share. The results are underlying [...]
Betfair looks to World Cup to keep winning June 11, 2014 BETFAIR is hoping the World Cup will continue the bookmaker’s winning streak after its annual profit beat forecasts yesterday, sending its shares up almost one per cent to 1,032p. The online gambling company reported that group revenues rose two per cent to £393.6m and underlying profits jumped 61 per cent to £61.1m during the year [...]
Betfair strategy pays out with record profits June 11, 2014 Online gaming company Betfair has seen its profits before tax jump a massive 61 per cent to £61.1m for the year ended 30 April 2014. Mobile revenue rose by 70 per cent representing 64 per cent of Sportsbook revenues in the fourth quarter. The company was especially pleased with the performance of new products such [...]
Betfair and the case of the UK’s first squidlock June 3, 2014 WHY DID the Octopus cross the road? It didn’t. The truck it was on stopped smack bang in the middle of Oxford Street at rush hour. Arf, arf. London came to a standstill yesterday when a truck, transporting an eight-legged prop for a Betfair advert choked in the epicentre of London’s rush hour, causing much bemusement [...]
Betfair plans to double TV voice as mobile revenue booms March 6, 2014 Online gambling company Betfair has reported a boom in mobile revenue of 68 per cent and now represents 60 per cent of Sportsbook revenue. The company's interim management statement for the three months ended 31 January 2014 showed a rise in revenue of five per cent driven by a 12 per cent jump in sustainable [...]
Video: Betfair founder says Bitcoin adoption is “inevitable” February 25, 2014 Ed Wray knows a fair bit about the internet. Having worked at JP Morgan for eight years he co-founded of Betfair in 1999, where he served as chairman until March 2012. He went on to become a non-executive director at crowdfunding site Funding Circle and to invest in taxi app Kabee. We caught [...]