Bet365 Posts Record Profit Margin But Slower Growth

Bet365 grew its operating margin for the fourth year in a row in fiscal 2016, but a slowing of active customer growth and a steady decline in average yields meant the online betting behemoth saw reduced revenue growth of 4.9 percent.

Bet365, the world’s largest visible online gambling operator, reported this week that betting and gaming operating profit for the fiscal year ending March 27, 2016 rose 10.3 percent year-on-year to £448.3m, on 4.9 percent growth in consolidated revenues to £1.55bn.

With just over 80 percent of group revenue typically deriving from sports betting, GamblingCompliance estimates that group sportsbook and gaming revenue settled at around £1.25bn and £300m respectively.

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