Tag: analyst call

Key points from Betfair results

Top line numbers

• Revenue up 5%. Underlying earnings growth is difficult to asses because of previous adjustments, so I wont attempt to interpret that.

• Underlying exchange revenue was +1%, but bear in mind there have been a range of price rises so this hints at declining underlying business. The sportsbook has gained £2m in revenue over the past year, the exchange £400k and Betfair US is up £2m, still quite small in the scheme of things but growing much faster.