Home Business NewsBusinessBusiness Growth News Gambling firm 888 reports a ‘strong quarter of progress’

Gambling firm 888 reports a ‘strong quarter of progress’

by Thea Coates Finance Reporter
19th Apr 24 10:34 am

Gambling firm 888 has reported their revenues are “slightly ahead” of expectations and in the three months to 31 March they announced revenues of £431 million.

888 who also run William Hill brands previously had forecast revenues of between £420 million to £430 million.

Per Widerstrom, chief executive said, “I am pleased to report that Q1 2024 revenue was slightly ahead of our guidance, with strong player volumes converting into improved revenue run rates.

“Having lapped various regulatory and compliance changes during the quarter, and with increased marketing investment supported by an exciting product pipeline, we remain confident in a return to growth from Q2 2024.

“We are moving decisively and at pace to position our company for long-term success and I look forward to providing further updates about our progress in the coming months.”

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