Tag: fy2012

Betfair revenue down, profits up

Betfair have released their FY12 results this morning and it shows top line revenue down 1% but underlying earnings up 46%. ‘Underlying’ figures are a bit different though, but until we see the presentation it’s difficult to know the exact detail behind the figures or how it was generated. Full result annoucement here: –

https://corporate.betfair.com/media/press-releases/2012/29-06-2012.aspx

Generally speaking, ‘Revenue’ is commision earned from customers, so that appears to have fallen or on an ‘underlying basis’ not grown much. From what I …