BUSINESS

Bet-at-home quarterly results exceeds expectations

TAGs: bet-at-home.com, q3 profits

If life was a basketball game with Bet-at-home.com, then they’re kicking the shit the Lakers in the third quarter, because their Q3 results have exceeded all expectations.

Bet-at-home.com’s betting and gaming turnover increased in Q3 by a whopping 57.9% to EUR 356.02 million, the company also saw a gross profit hold increase of 57.1% to EUR 16.76 million, compared to the EUR 10.68 million of Q3 2009.

The simple way to put it, is that the company is kicking ass and has been since Q1. According to the company’s report, a 29.9% increase in advertising expenditure over the course of last year in through the first three quarters of this year led to a significant increase in the number of new customers.

Of course there must be excitement flowing through the board as a spike in new customers really opens the door for future growth for the bet-at-home.com Group. Bet-at-home.com already has over 2.1 million registered users and from all accounts, that number may be going up.

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