Bet-at-home.com AG Reports FY 2023 Financials and Forecasts for FY 2024

bet-at-home.com AG disclosed its financial results for the fiscal year 2023 on March 5, 2024, demonstrating a gross betting and gaming revenue of EUR 46.176 million which aligns with its adjusted predictions from October 2023. This represents a decline from the previous year's figure of EUR 53.532 million. The company's EBITDA for FY 2023 was reported at EUR 807 thousand, marking a decrease from EUR 2,105 thousand in the prior year but within the higher end of their initial forecast.

The firm introduced "EBITDA before special items" as a new performance metric in 2023, which amounted to EUR 2,361 thousand for the period, compared to EUR 4,361 thousand the year before. This metric is adjusted for special expenses and income, including legal expenses and reversals of impairment losses. To calculate this, EUR 2,692 thousand for legal cases and customer claims expenses, and a deduction of income from reversals of impairment losses of EUR 1,138 thousand were considered.

Looking ahead to the financial year 2024, bet-at-home.com AG expects its gross betting and gaming revenue to range between EUR 45 million and EUR 53 million. The forecast for EBITDA before special items is projected to be between EUR -1 million and EUR 2.5 million, indicating cautious optimism amidst a challenging market.