Operator bet-at-home has lowered its gross betting and gaming revenue forecast for the financial year after “adverse sporting results.”
It said a “disproportionate number of favourite wins” in football leagues has led to adjusted revenue guidance of between €44m and €48m, down from between €50m and €60m.
However, the operator said it remains hopeful that its EBITDA will be in the upper range of its previously announced forecast of between €-3m and €1m.
It said the migrations of its customer and betting platforms to EveryMatrix have “positively impacted the cost and earnings structure” but warned of “additional one-off effects” of the winding-up of bet-at-home Entertainment, which is in liquidation.
