Paddy Power Betfair says first-half revenue rises by 18% to £759 million

The bookmaker said the benefits of its merger are being delivered ahead of schedule

Paddy Power Betfair reported an 18 per cent rise in revenues to £759 million

Paddy Power Betfair said first-half revenue rose by 18 per cent to £759 million (€882 million) while underlying earnings (EBITDA) increased by 31 per cent to €181 million.

The bookmaker, which reported double-digit revenue growth in all four of its divisions, said it expected underlying earnings before interest, tax, depreciation and amortisation to be between €365 million and €385 million for the full year.

The company reported a 39 per cent rise in ...