Bet-at-home announces revenue growth despite Austrian tax charge

11 Nov 2019

Bet-at-home AG has announced that it bolstered its commercial status and its revenue, in spite of the €11.5 million Austrian tax burden that was imposed on it. The Frankfurt Xetra-listed operator published its Q3 2019 trading statement and reported a 2.5% year-to-date increase in its betting and gaming revenues, which amount to €107 million.

It also highlighted the fact that it was able to maintain its year-to-date betting capacity at €2.4 billion, although it had to compete against some very tough 2018 comparatives that featured the FIFA 2018 World Cup trading.

The well-known bookmaker stressed that its product portfolio has been developed due to the advertising campaigns generated by its ‘core market’ (which consists of  Germany and Poland), that boosted player activity. It is also worth noting that despite this increased advertising activity, Bet-at-home has managed to maintain its year-on-year marketing expenses at €29 million; which helped it increase its local player base to 5.2 million.

During the Q3 2019 trading period, Bet-at-home launched its latest advertising campaigns that helped it post a 13% YTD EBITDA boost to €27 million. After closing Q3 trading, its administration declared a YTD EBIT tracking at €25.6 million.

Despite the €11.5 million ‘Austrian subsidiary’ tax claim that its administration had to pay and led the company to impute €19.5 million to income taxes and eventually declare YTD profits of €5.8 million; it managed to achieve a top line performance.

It is also worth mentioning that Bet-at-home’s administration sustains its guidance generating revenues for 2019 between €130 to €143 million, together with an EBITDA target of €29-33 million.

Why choose Bet-at-home

Central Europe's most favorite
  • One of the most trusted bookies in Central Europe
  • The best option for tennis punters
  • Excellent mobile view
  • Satisfying variety of betting selections
  • Wide range of products
  • Multiligual Customer Support
  • Plenty of payment methods available
Play now
100% Welcome Bonus up to €50
BOOK SPY
BOOK SPY BONUS REVIEW

Established back in 1999, mainly as a reliable bookmaker for German-speaking bettors. However, since 2009 when they became part of the BetClic group, they have switched to a worldwide policy. Their main advantages are stability and credibility and you can be sure that they will be there for you, either by some kind of assistance or a profitable loyalty bonus. Considering that they can not offer the best odds or the best bonuses, they’ve focused on offering a vast number of betting choices, as well as trying to include less popular sports than football. Their promotion policy is very beneficial too, as they offer different kinds of bonuses compared to traditional ones. Should they increase their payout, they will surely climb to the very top.

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 UK Gambling Commission has announced that it will ban the use of credit cards on all gambling activities taking place in Great Britain from 14 Apr...

Read more »

Betsson is paying out early on Liverpool FC to be crowned the 2019-20 Premier League champion, since the Reds sit 14 points clear atop the table with ...

Read more »

The new draft law on online gambling, that was initially submitted to the Hellenic Parliament on October 9, 2019, has been eventually submitted to the...

Read more »

The Swedish bookmaker Betsson has taken a 75% stake of Suaposta, which is one of the first betting brands to ever operate in Brazil. The Stockholm-bas...

Read more »

The gross gambling yield (GGY) of the British gambling industry decreased 0.3% year-on-year for the period between April 2018 and March 2019, amountin...

Read more »

The gaming group Soft2Bet, which is based in Malta, is getting ready to start its operations within the well-regulated Swedish gambling market; since ...

Read more »

Online sports betting operators in France enjoyed significant quarterly revenue growth for Q3 2019 compared to the revenue generated during the same p...

Read more »

LeoVegas has restored its five-year Swedish gambling license, since it managed to win its appeal against the country’s gaming regulator Spelinspektion...

Read more »

The popular online bookmaker Interwetten has announced the signing of a sponsorship deal with the Greek Super League, which is the top tier football l...

Read more »

William Hill signed a new sports betting partnership with the NBA and became the official bookmaker of the best basketball league in the world. With t...

Read more »