on Bet-at-home.com AG (isin : DE000A0DNAY5)
Bet-at-home.com AG Increases 2024 Earnings Forecast
On November 5, 2024, bet-at-home.com AG announced an upward revision of its earnings forecast for the financial year 2024. The company initially projected a gross betting and gaming revenue (GGR) of EUR 45 million to EUR 53 million, with an EBITDA before special items ranging from EUR -1 million to EUR 2.5 million.
Due to favorable revenue trends in online sports betting and gaming, coupled with effective cost management, bet-at-home.com AG now anticipates an EBITDA before special items between EUR 1.5 million and EUR 4.5 million. However, the company expects a negative consolidated result for the full year, primarily due to a EUR 4.8 million provision linked to a Swiss VAT ruling on sports betting and expenses related to reimbursement claims for gambling losses.
R. H.
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