Wednesday April 1, 2020

Paddy Power operating profit rose by 10% last year ahead of Betfair merger

The bookmaker reported double digit growth across all online and retail divisions

8th March, 2016
Revenue at Paddy Power grew by 24% last year

Paddy Power Betfair said revenue at

Paddy Power grew by 24 per cent to €1.09 billion last year, with double digit growth across all online and retail divisions, as operating profit rose by 10 per cent to €180 million.

Betfair recorded a 21 per cent rise in revenue to £138 million while its earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 10 per cent to £26 million.

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