Ladbrokes sees Q3 net revenue grow by 1.7%

Third-quarter net revenue at Ladbrokes’ Irish operations grew by 1.7% year-on-year when measured on a constant currency basis.

In its latest quarterly trading update, published yesterday, the British betting and gaming group said that while the amounts staked by punters were down, the Irish operation saw a “slightly stronger” gross win margin (basically, the amount the company makes on losing bets) during the three months from the beginning of July to the end of September.

On an unadjusted basis, however, Irish revenues were down by 5.4% for the quarter when measured against the corresponding period last year.