Betfair saw revenue increase six per cent to £349.5m in the 12 months to April, 2012.
Company EBITDA jumped 15 per cent to £92.1m for the period, with group underlying earnings per share up 21 per cent to 41.1p.
"We have delivered double digit net gaming revenue growth in Core Betfair in each of the last three quarters and a healthy increase in profits,” said Stephen Morana, interim CEO. “We have also started to deliver on our strategic objectives, including the launch of important new products that will drive future growth.”
Mobile betting, which generated £22.7m of revenue, was a “key feature” of the year and the company’s investment in this channel gave it a clear advantage, he continued.
“The increasing penetration of smartphones and the convenience of the channel for customers have led to strong growth in mobile usage and revenues. In April alone, customers placed over six million mobile bets and almost 50 per cent of UK and Ireland actives used the channel. We are making further enhancements to our mobile exchange betting product and have recently broadened our offering to include sports multiples and casino games on mobile.”
Stating that the new financial year has “started well,” Morana said that Betfair’s revenue is up 18 per cent for the first eight weeks.
