Online gaming and sports betting operator bet-at-home has revealed that despite having had to contend with new tax burdens, it was able to achieve year-on-year growth across key financials during the three months through to March 31.
Gross betting and gaming revenue amounted to €28.4 million (€31.5 million) in the first quarter, up 13.1% on the €25.2 million posted in the same period last year.
Earnings before tax was also up 19.1% from €8.3 million in the first quarter of 2014 to €9.8 million in the same period this year.
The operator was also able to increase its workforce by 8% to a total of 269 employees.
Bet-at-home noted a 15.2% year-on-year drop in marketing expense to €6.5 million, saying this was expected due to “sustained increases in efficiency” during the first quarter.
Due to the positive results in the first quarter, bet-at-home said that it expects to post earnings before interest, tax, depreciation and amortisation of more than €20 million in 2015.
