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Bet-at-home expects positive fiscal year 2020

26 Jan 2021

Bet-at-home, Betclic Everest subsidiary, has raised its earnings estimates for 2020 to €30.9m, following a very positive fourth quarter (Q4).

The (EBITDA) target for 2020, which was set between €23m and €27m, has been exceeded. The bookmaker is now expecting an amount around €30.9m. This surplus was mostly due to the company's performance in the fourth quarter of the year and the reduced expenses, as revenue remained within the range of expectations. The renowned bookie brought in revenue of €126.9m.

In the first half of 2020, Bet-at-home brought in €62.3m in revenue; down 12.4% year-on-year (YOY). The 3rd quarter (Q3) followed with revenue of €30.7m, raising its gross betting and gaming revenue for the first nine months of the year to €93.0m.

A positive addition beyond the unexpected good financial year was that Bet-at-home received a license to operate under Germany’s Third State Treaty on Gambling, alongside 15 other sportsbooks.

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Bet-at-home is a reliable and trustworthy bookmaker that has proved itself throughout the years. It obtained an MGA license and runs a fully compliant sportsbook. The betting site has its proprietary platform, offering a large number of sports and special markets. I like that the Cash Out is wholesome, and the interface is easy. But when it comes to the betting experience, I would like to see more features, better payouts, and a mobile application to take this bookmaker to the next stage. Live Streaming needs to involve events other than e-sports, and Quick Bet can be a valuable edition for smoother and faster betting. I would not imagine crypto to be added to the list of payment methods, but so far, you have all the trusted providers for transactions. The bookmaker offers high winning limits and reasonable withdrawal times. Feel free to try it.

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Bet-at-home expects positive fiscal year 2020

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