Paddy Power Betfair reports growth and expands to new markets

8 Mar 2018

The marriage between Paddy Power and Betfair has indeed turned out to be a happy one. The iGaming group has surpassed all its departmental KPI’s with first and foremost its financial metrics.

One year after the merger’s completion, the Paddy Power Betfair Plc (PPB) Group enjoys annual revenues for 2017 £1.7 billion, (+0.2 billion up from 2016).

Recording football results was a smart option as the company reported an underlying group EBITDA of £473 million.

According to the FTSE, the sportsbook reports an underlying free cash flow to £395 million and £392 million annual operating profits, 19% higher compared to 2016.

After outperforming most of its set goals, PPB is currently launching new marketing campaigns using a good backup of £20millions, some which will be ushered in new markets, notably in the USA and Australia.

The group isn't projected to stop setting new ambitious roles, focusing on improving its capital structure and launching more products based on its clients’ needs.

Peter Jackson Group CEO of Paddy Power Betfair announced himself as delighted at these positive results:“The business saw continued good growth in 2017, with operating profits increasing by 19%. Our Australian and Retail operations performed particularly well, growing profits by over 40%”, revealing that brand new games will be launched before the Word Cup this summer.

“We saw the benefits of investing in our customer propositions in 2017, with Sportsbet launching a number of product features that give extra value to customers and Betfair moving to a clear market leadership position in its football pricing”, he said .

He estimated that the product’s high performance allows the company to expand to new markets. Peter Jackson seemed rather optimistic about the group’s future: “Our strengths in operating efficiently and responsibly will enable us to build a business that can sustainably generate shareholder returns over the long term.”

A few words on Paddy Power Betfair

Paddy Power Betfair is one the biggest bookmaker globally and a part of the top 100 FTSE list. It operates under many brands including the major couple Paddy Power - Betfair and Sportsbet as well. The two groups agreed on a merge in 2015.

Why choose Paddy Power

The Irish power
  • Incredible range of sports
  • Suitable for football lovers
  • Cash Out
  • Multiview option in live betting section
  • Many payment methods
  • Quick withdrawals
  • User friendly website
Play Now!
High Odds
BOOK SPY
BOOK SPY BONUS REVIEW

Paddy is the best example of “united we stand” in betting business, as they started as a merger of all Irish bookies, who expanded in many countries and eventually merged with Betfair. Nowadays Paddy’s popularity is exceeding the British Isles, their main area of interest. They’re one of the first bookmakers who took advantage of odds as a commercial campaign, offering odds on bizarre events to attract publicity. Their services could be complete if they added an Asian Handicap option to their great number of alternative betting selections. They still offer their website only in English, by choice.

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

The South African National Gambling Board has issued a statement this week concerning the legality of online gambling. There have recently been some r...

Read more »

Betting operator 888sport announced that it has signed a sports betting partnership agreement with the National Football League (NFL) in the United Ki...

Read more »

British GVC Holdings PLC is launching an investment program to support grassroots sports in the UK. It will be helping the lower tiers of English foot...

Read more »

Dominic Beier has stepped down from his position as Interwetten Sports’ Speaker of the Board. The 29-year-old had joined the company in 2018, replacin...

Read more »

BGC, the UK’s Betting and Gaming Council, has announced the implementation of a new set of measures in order to prevent underage audiences from being ...

Read more »

Online sportsbook and casino operator Vbet will be sponsoring French Ligue 1 powerhouse AS Monaco. The deal includes seasons 2020-2021 (which just sta...

Read more »

UK-based bookmaker Betfred has announced the extension of its World Snooker Championship sponsorship until 2022. It is considered the biggest snooker ...

Read more »

European sports betting firm Melbet is expanding its presence in Africa by entering the Kenyan market. After already operating in Nigeria, Ghana and U...

Read more »

The UK Gambling Commission has lifted the ban on sports betting exchange Matchbook. The brand, running under operator Triplebet, had its UK pool betti...

Read more »

Ukraine’s president Volodymyr Zelensky has put pen to paper on bill 2285D, as expected since last month’s triumphant voting in its favor at the Verkho...

Read more »

Latest Betting Offers

18+ | T&Cs apply | begambleaware.org

Minimum deposit is 10 euros. Minimum odd to bet the bonus on is 1.50 or higher. Bonus must be wagered 10 times. T & C's apply. 

The generated voucher is only valid for people of legal age. The betting credit worth €5, €15 or €30 is awarded at random. The term "voucher" in the bonus provisions refers to both betting vouchers and free bet vouchers. In addition, 10 x € 3.000 will be raffled among all players who have redeemed their betting credit. The winners will be determined by drawing lots and notified by email on October 7th, 2020. The judges' decision is final. The prize money will be credited to your Interwetten account and is freely available.