888 posts record quarter performance

888 Holdings senior management stated it was confident of beating 2014 market expectations, after posting a record revenue quarter – Q3 2014 – $114 million (£72 million) up 22% on Q3 2013: $94 million.

888’s positive performance had been driven by improved revenues generated  from its B2C online gambling division. The operator posted increased revenues throughout its B2C portfolio with a particular strong quarter performance from its casino B2C which recorded revenues of $56 million up 23% on Q3 2013: $45 million.

Further positive news, saw 888 Holdings report a record number of active customers on its casino and poker verticals 584,000 up 17% on  Q3 2013: 498,000,

The operator reported that it maintained a better revenue yield per customer on its B2C casino vertical of $319, representing an increase of 21% on Q3 2013: $264.

888 positive B2C results were supported by increased revenues from its Dragonfish B2B division which saw increased revenues of $16 million, recording a 41% increase on Q3 2013 $11 million.

Commenting on 888 Holdings performance announcement Brian Mattingley, Chief Executive Officer, said:

“I am delighted to report that 888 has continued its strong performance in Q3, delivering an all time quarterly revenue record of $114m. This was driven by an outstanding performance from Casino, reflecting our leading product and superior technology, as well as impressive growth in Sport, our B2B business and Bingo.

We continue to build customer numbers reflecting the core strengths of the 888 brand, our leading product offer and CRM systems. With our highly skilled and innovative team, we continue to look forward with confidence as we further develop the business.”

888 Holdings Performance Overview