3rd Nov 2014 07:34
LONDON (Alliance News) - Betfair Group PLC Monday said revenue rose in the second-quarter, boosted by an increase in customer numbers after a strong World Cup.
The online bookmaker said revenue in the three months to October 31 rose 22% to GBP119 million, and revenue was up 13% when normalised for unusually high gross win margins.
Following the World Cup in July, "the recent growth in customer activity has continued with the active customer base up 30%" in the second quarter, Betfair said, adding that it expects to meet full-year earnings expectations.
By Ian Edmondson
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