Bet-at-home confident despite 5.5% drop in Q1 revenue

5 May 2021

German-based bookmaker Bet-at-home has remained confident following the publication of the 2021 first quarter (Q1) financial report, due to the transitional regulation brought into effect in the German market and the launch of new sports betting licenses, despite incurring financial losses.

In general, the company has made a 5.5% year-on-year (YOY) drop in gross betting and gaming revenue, to €30.5 million from the previous year’s €32.2 million.

More specifically, €17.1 million were originated from the sports betting product whereas €13,282 million from the operator’s online casino.

EBITDA for the quarter was down to €6.9 million from last year's €9.0 million; while group equity increased to €55.3 million from €50.9 million, deriving in a consolidated equity ratio of 55.1%.

Marketing expenses stood at €7.4 million for the period, up 12.1% from €6.6 million in the previous year and it was one of the main reasons for the operator’s losses together with the change in the existing gambling regulatory conditions.

Operating expenses were down at €4.7 million compared to €5.2 million, which the company managed to diminish and it was in line with the decline in sales in Germany due to the upcoming regulations.

Bet-at-home is quite optimistic about the upcoming establishment (on 1 July 2021) of the new national licensing system for online casino and sports betting products; that will be a big innovative step towards the liberalisation of the online gambling sector in Germany.

Why choose Bet-at-home

20+ years ☝ of experience
  • 15,000+ in-game events
  • 30 sports available
  • Asian Markets
  • Bet Builder
  • Player Specials
  • Cards & Corners
  • Available in 5 Languages
  • Many payment providers
Play now
50% Welcome Bonus up to €50
BOOK SPY
BOOK SPY BONUS REVIEW

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.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY
UFC 294: Makhachev vs Volkanovski Odds & Preview Featured Image

One of the biggest UFC events of the year takes place on Saturday, October 21 at the Etihad Arena in Abu Dhabi. UFC 294, starting at 19.00 BST, featur...

Read more »

Premier League Clubs Get Closer To Bookmaker Sponsorship Ban Featured Image

The front of the shirts of Premier League clubs will no longer feature logos from bookmakers once an agreement is reached. The deal would prohibit fro...

Read more »

Betano Lands Giannis Antetokounmpo As Global Brand Ambassador Featured Image

NBA star Giannis Antetokounmpo has signed a contract with Betano, making him their first-ever global brand ambassador. The Milwaukee Bucks superstar, ...

Read more »

Bet365 Continue Their Weekly 6 Scores Challenge Game Featured Image

Sports betting industry leader Bet365 has partnered with Incentive Games, a renowned free-to-play provider, to continue their highly popular weekly 6 ...

Read more »

22bet Awarded EPL Jerseys To Five Lucky Bettors Featured Image

Five of 22bet’s Kenyan users have received English Premier League jerseys after successfully predicting the correct score of Manchester United v...

Read more »

Betting Preview And Odds For Formula 1 2023 Season Featured Image

On March 3-5, the 24th Bahrain Grand Prix will mark the return of Formula One for its first full weekend of the new 2023 season. Max Verstappen, who h...

Read more »

Bet-at-home To Use EveryMatrix’s Sports Betting Platform Featured Image

European bookmaker Bet-at-home has launched its new sports betting solution from EveryMatrix, replacing its present platform. EveryMatrix’s Odds...

Read more »

Stake.com Becomes Official Partner Of Alfa Romeo F1 Team Featured Image

The renowned crypto bookmaker Stake.com recently signed a deal with Alfa Romeo F1 Team to become their name sponsor. The partnership is going to stand...

Read more »

1xBet Issues Press Release To Shoot Down Allegations Featured Image

On 25/1/2023, 1xBet issued a press release to shoot down claims from a recent article, that came to light stating that the bookmaker is currently faci...

Read more »

Stake.com Pays Out On Arsenal As Premier League Champions Featured Image

The online sportsbook Stake.com has already paid out on outright bets on Arsenal to win the league, as they went onto 50 points after 19 games with a ...

Read more »

LATEST BOOKMAKER PROMOTIONS
bookmaker banner
bookmaker banner