BetClic Everest Group subsidiary bet-at-home.com has reported a 16 per cent increase in net gaming revenues to €18.9m for the first quarter of 2012, with further investment in advertising continuing to impact the company’s bottom line.
Euros Q1 2011 Q1 2012
Betting & gaming turnover 427.2m 527.7m
Gross gaming revenues 18.3m 21.1m
Net gaming revenues 16.3m 18.9m
Advertising expenses 8.0m 11.1m
EBITDA 3.8m 1.9m
Net profit 2.5m 1.4m