888 Half Yearly Results - Willu Invest


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    888 Half Yearly Results

    Half yearly results stated:

    Underlying revenue growth of 9%, driven by casino growth of 11% and sports growth of 45%, with weaker performances from bingo and poker.
    This represents a marginal slowdown vs. 11% reported for the year-to 21 March
    39% of its revenues exposed to GBP, reported revenue grew 3% to $270.1m
    EBITDA margin increased 80bp because of lower marketing spend
    Mobile continues to drive growth representing 69% of UK revenue, up 13 percentage points year on year
    Revenues from regulated and taxed markets remain broadly flat, representing 71% of group revenue
    Reported “strong progress in Spain” and “excellent momentum” in Italy
    On 31 August, the Gambling Commission announced it was to fine 888 a total £7.8m

    As of 08:25am the stock was trading up c.0.86% at c.265.50p

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