Tag: 60%

Betfair premium charge & earnings soar

As we are all aware now, Betfair pleaded poverty and an imbalanced business model again yesterday, when announcing another new charge. This time hitting consistent earners for up to 60% of their profits. We heard the similar stories for data charges, transaction charges and the premium charge part one and all the other various amendments over the years to their charge structure.

This didn’t stop them from announcing record revenue and earnings a few hours later. Earnings per share are …