Revenues at Betfair rose by 30 per cent to £117.3m for the three months to July 31. Profit (EBITDA) increased by 39 per cent to £34.5m in the same period.
Underlying revenue for the quarter was up 12 per cent excluding World Cup earnings while mobile revenue soared by 162 per cent in the same period.
Mobile now accounts for 70 per cent of the company’s sportsbook income.
CEO Breon Corcoran said in a statement: “We are encouraged by the performance in the first quarter and the momentum of the business, and accordingly remain confident that we can deliver our expectations for the full year.”
