Online gambling company Betfair first-half revenue rises 15% to over €390m

Online gambling company Betfair has continued its impressive growth in its latest financial update released ahead of its proposed merger with Paddy Power.

Online gambling company Betfair first-half revenue rises 15% to over €390m

Revenue for the six months to the end of October increased by 15% to £274.4m (€390.4m), despite the same period last year coinciding with a lucrative World Cup.

Betfair’s revenue wasn’t the only financial metric showing improvement during the period with earnings before interest, taxation, depreciation and amortisation climbing 9% to £80.5m; operating profit up 12% to £67.2m and earnings per share of 60.3p all on the up.

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