Sunday February 23, 2020

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

24th August, 2016
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...

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