888, one of the world's leading online betting and gaming companies, has announced a trading update for the three months ended September 30.
Group revenue was up by seven per cent, driven by continued expansion in regulated markets, despite a tough comparator period due to the very strong growth in the prior year
Strong performance in B2C gaming was led by casino. B2C betting declined against a very strong outcome in Q3 2020 when the group benefited from the condensed calendar of sporting events following Covid-related disruption. Compared to Q3 2019, B2C betting revenue increased by 21 per cent.
Itai Pazner, CEO of 888, commented: "Q3 2021 was a period of outstanding strategic progress for 888. During the period we announced the transformational acquisition of William Hill International, successfully launched SI Sportsbook in the US and began operating 888sport under a new licence in Germany as we continued to execute our plan to build a global online betting and gaming leader.
"Alongside these important strategic milestones, I am pleased with the group's continued positive trading, particularly as we lap very tough comparative periods.
"This performance reflects the continued success of our data-driven investments and execution against our product-leadership plan that delivers ongoing improvements in the usability, quality and safety of our sports betting and gaming products.
"Underpinned by our advanced technology, leading products and strong brands, as well as the increased scale, talent and diversification that the group will benefit from as a result of its combination with William Hill International, we have a very exciting platform for long-term growth."
