Tag: management statement

Betfair paint a confusing picture

It’s the Betfair AGM today, I wont be going this year as I have sold my shares. But I know somebody who is, so I’ll let you know if anything interesting comes out of it. In line with this an interim management statement was issued this morning.

Generally the tone was bullish despite reporting a decline in revenue. Revenue was down 13% year on year but underlying earnings were up. Betfair wrote off a lot of expenses in the last …